Airbus, Leonardo, Thales join to reshape European space landscape

Three of Europe’s largest aerospace and defense companies are joining forces to reshape the continent’s space industry. On Thursday, Airbus, Leonardo, and Thales signed a memorandum of understanding to merge their space operations into a new joint venture that—if it wins regulators' approval—will contain much of Europe’s satellite, communications, and Earth-observation capability. The announcement follows on the heels of an earlier initiative codenamed "Pr