LA PLATA, Maryland — The space divisions of Airbus and Thales Group reported increased revenue for the three months ending March 31, a year ahead of their proposed merger, with Italy’s Leonardo, to create a large European space prime contractor.
The companies have begun negotiations with their employee groups and have yet to enter detailed talks with the European Union’s Directorate-General for Competition to assess anti-trust implications of the merger, which would combine Europe’s three largest space companies.
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