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European Aerospace Firms Consider Consolidation to Compete Globally
European Aerospace Firms Consider Consolidation to Compete Globally
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BTCCSquare news:
European aerospace companies are grappling with intensifying competition from US and Chinese rivals, prompting discussions of consolidation. Airbus, Leonardo, and Thales are exploring a merger of their space operations under 'Project Bromo' to achieve critical mass. The MOVE aims to counter challenges posed by Elon Musk's Starlink and China's expanding space sector.
Rolf Densing of the European Space Agency acknowledges the dilemma: 'Having only one [consolidated entity] in the future is not too helpful, but they need critical mass.' Michael Schoellhorn of Airbus suggests a potential framework agreement could be reached by end-2025, though significant details remain unresolved.
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