Published by Global Banking & Finance Review®
Posted on September 14, 2025
1 min readLast updated: January 21, 2026
Airbus, Thales, and Leonardo may finalize a satellite manufacturing deal this year under Project Bromo, aiming to compete globally.
MILAN (Reuters) -European aerospace groups Leonardo, Thales and Airbus could sign an initial agreement to combine their satellite businesses as early as this year, the head of Airbus' defence and space division said in an interview on Sunday, confirming an earlier Reuters report.
Under "Project Bromo," Leonardo, Thales and Airbus plan to set up a satellite manufacturing company to compete with rivals from China and the U.S., including Elon Musk's Starlink.
"We're on the right track, but several issues still need to be clarified before taking such a major step," Airbus Defence and Space CEO Michael Schoellhorn told Italian daily Il Corriere della Sera.
Schoellhorn added that operations of this kind require a two-step process, comprising of a framework agreement and then a phase leading to the actual closing of the deal. "In this case, I believe the signing (of a first deal) could take place as early as in 2025", he said.
($1 = 0.8523 euros)
(Reporting by Gianluca Semeraro, editing by Elaine Hardcastle)
A satellite is an object that orbits a planet or moon. In the context of telecommunications, satellites are used for communication, broadcasting, and data transmission.
Aerospace refers to the branch of technology and industry concerned with aviation and space flight. It includes the design and manufacture of aircraft and spacecraft.
A partnership is a formal arrangement in which two or more parties agree to manage and operate a business together, sharing profits and responsibilities.
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