Project Bromo - Europe’s answer to Starlink?

[Flyaway]

• European groups reach broad satellite merger deal, sources say
• Airbus, Thales, Leonardo have been in talks for over a year
• Leonardo to hold special board meeting on Tuesday, sources say

https://www.reuters.com/business/ae...deal-satellite-merger-sources-say-2025-10-20/

European aerospace companies Leonardo, Airbus and Thales will be merging their satellite businesses, according to Reuters.

The three companies have reportedly reached a framework deal that will allow them to create “Project Bromo,” a satellite manufacturing company to compete with rivals in China and the United States, notably Elon Musk’s Starlink.

https://www.euronews.com/next/2025/...leonardo-reportedly-agree-to-satellite-merger

 

[BlueAbyssal]

Good luck to them. Having an answer to Starlink is half the battle. Having an answer to F9, and soon enough Starship, is the other.

 

[Flyaway]

Reuters: Europe satellite merger intact as announcement slips, sources say [Oct 22]

Europe's aerospace giants kept investors waiting an extra day for details of a new space champion on Wednesday as lawyers and advisers pored over the smallprint, but merger plans remained intact, people familiar with the talks said.

[...]

Initial plans for a Wednesday announcement slipped but there was no major new obstacle and a deal appeared to have been pushed back by no more than 24 or 48 hours, barring an unforeseen and more substantive problem, the people said.

"The announcement is ready; that doesn't mean you don't have some last-minute details. It is industrially, technically and financially complicated," one of the people said.