LA PLATA, Maryland — Airbus, Thales Group and Leonardo have agreed to merge their space divisions with the promise of generating “mid-triple-digit” millions of euros in annual synergies within five years after a closing, which pending regulatory approvals could start in 2027.
After months of discussions that many believed would never result in an agreement, the three companies announced Oct. 23 that the merged entity would be owned 35% by Airbus and 32.5% each by Thales and Leonardo.
The combination will . . .
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