Airbus, Thales, Leonardo could sign first deal this year on satellite tie-up, Airbus executive says
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European aerospace groups Airbus, Thales, and Leonardo are on track to sign an initial agreement to merge their satellite businesses under "Project Bromo" this year. The aim is to establish a satellite manufacturing company to compete with U.S. and Chinese rivals, including Starlink. Airbus Defence and Space CEO Michael Schoellhorn noted that while progress is being made, several issues need resolution before finalizing the deal, which may occur in 2025.
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