Overview
- Airbus will hold 35% of the new company with Leonardo and Thales at 32.5% each under joint control and balanced governance.
- Contributed assets include Airbus’s Space Systems and Space Digital, Leonardo’s Space Division with stakes in Telespazio and Thales Alenia Space, and Thales’s stakes in Thales Alenia Space, Telespazio and Thales SESO.
- The group is projected to employ about 25,000 people and generate roughly €6.5 billion in pro‑forma annual revenue with an order book exceeding three years, with several hundred million euros in annual synergies expected from year five and profitability claimed from day one.
- Operations are targeted to start in 2027 with the legal seat in Toulouse and teams distributed across key European countries including Germany, Spain, France, Italy and the United Kingdom.
- Completion remains subject to customary conditions and regulatory clearances, with union consultations underway and initial reactions from Italian unions reported as positive.