➀ Airbus, Leonardo, and Thales have signed an MoU to establish a joint space company, pooling resources in satellite manufacturing, space systems, and services to strengthen Europe’s competitiveness in the global space market.

➁ The new entity, targeting operational status by 2027, aims to bolster European autonomy in critical space infrastructure, including telecoms, navigation, and Earth observation, while supporting national security initiatives.

➂ The combined company will employ approximately 25,000 people with an annual turnover of €6.5 billion, owned 35% by Airbus and 32.5% each by Leonardo and Thales, under a balanced governance structure.