Airbus(US:EADSY) Yang Shi Xin Wen·2025-10-23 12:10Core Points - Airbus, Leonardo, and Thales have signed a memorandum of understanding to merge their satellite and aerospace businesses, aiming to create a significant European aerospace entity in a strategically critical industry [1] - The new company is expected to operate by 2027, pending regulatory approval, and will employ approximately 25,000 people in Europe with an estimated annual revenue of €6.5 billion [1] - The ownership structure of the new entity will see Airbus holding 35% while Leonardo and Thales will each hold 32.5% [1] - The merged entity will focus on building, deploying, and maintaining a range of communication and navigation satellites to support the promotion of global high-speed networks [1] - The French Ministry of Finance stated that the creation of a leading European satellite company will enhance research and innovation investment in this strategic sector and strengthen European sovereignty in a competitive global landscape [1] Industry Context - The establishment of this new company is aimed at competing with the American company "Starlink" [2]