12:00 AMFinancial Times
Airbus seeks US space unit sale as it shifts to European-built satellites
Summary
Airbus is exploring the sale of its US space business after agreeing to combine its satellite activities with Leonardo and Thales. The potential disposal would narrow the company's space operations as it prioritizes a European satellite platform.
The Leonardo and Thales agreement is pushing Airbus toward a more focused European space strategy,
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The transaction could reshape competition in satellite manufacturing while testing Airbus's ability to balance European consolidation with US market access.