Airbus, Thales and Leonardo space business combination (Project Bromo)
The three groups signed an MoU to combine their satellite and space services businesses; launchers are excluded.
- Company
- New European space company
- Type
- JV / capital partnership
- Status
- Announced
- Date
- 23 Oct 2025
- Value
- Not disclosed
- Value basis
- Not disclosed; combined revenue about €6.5bn (2024)
- Region
- Europe
- Segment
- Spacecraft and services
Also covered on InfraOrbit.
Parties
- Airbus (35%) partner
- Leonardo (32.5%) partner
- Thales (32.5%) partner
Key terms
- Ownership
- Airbus 35%, Leonardo 32.5%, Thales 32.5%
- Employees
- about 25,000
- Approvals
- EU merger review, expected 2027
Sources
- Euronews: Airbus, Thales and Leonardo agree satellite merger euronews.com · Oct 2025
- Space Today: Airbus, Leonardo and Thales agree to combine space businesses spacetoday.net · Oct 2025
Record DEF-INV-2025-0029. Investments are kept apart from the financings register and never counted in debt totals.
