Aerospace firms link up to create European rival to Musk’s SpaceX
Tie-up between Airbus, Leonardo and Thales will bring together some of continent’s leading manufacturersAirbus, Leonardo and Thales have struck a deal to combine their space businesses to create a single European technology company that could rival Elon Musk’s SpaceX.The deal is expected to create a company with annual revenue of about €6.5bn (£5.6bn). The French aerospace company Airbus will own 35% of the new business, with Leonardo and Thales each owning stakes of 32.5%. Continue reading...
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Tie-up between Airbus, Leonardo and Thales will bring together some of continent’s leading manufacturers
Airbus, Leonardo and Thales have struck a deal to combine their space businesses to create a single European technology company that could rival Elon Musk’s SpaceX.
The deal is expected to create a company with annual revenue of about €6.5bn (£5.6bn). The French aerospace company Airbus will own 35% of the new business, with Leonardo and Thales each owning stakes of 32.5%.
Continue reading...
