Thales, Airbus, Leonardo eye initial agreement on 10 bln-euro satellite JV, sources say

Core Viewpoint - European aerospace companies Leonardo, Thales, and Airbus are intensifying efforts to merge their satellite businesses into a joint venture valued at 10 billion euros ($11.7 billion) [1] Group 1: Company Initiatives - Leonardo, Thales, and Airbus are collaborating to create a significant joint venture in the satellite sector [1] - The joint venture aims to consolidate their satellite operations to enhance competitiveness in the aerospace market [1] Group 2: Financial Aspects - The proposed joint venture is estimated to be worth 10 billion euros, equivalent to approximately $11.7 billion [1]