European companies Airbus, Leonardo, and Thales merge their satellite divisions
The three European aerospace companies Airbus, Leonardo, and Thales today confirmed previous rumors and announced they are merging their satellite divisions into a new company, dubbed Project Bromo, in order to better compete with the giant satellite constellations in the U.S. and China.
The preliminary deal wraps up months of three-way talks and clears the path to create a single company with annual revenue of about €6.5 billion ($7.5 billion). Airbus will own 35% of the group, with the other two partners each holding 32.5% stakes, according to a joint release.
The alliance, dubbed Project Bromo, is seen as a key litmus test for Europe to consolidate its fragmented defense and space industries to better compete with US and Chinese competitors. It aims to unify Europe’s satellite efforts and provide more autonomy in a segment that has become commercially and geopolitically vital.
These companies are coming to this competition very late in the game. SpaceX already has more than 8,000 satellites in orbit, and new constellations by Amazon and several Chinese pseudo-companies have already begun launching satellites. Moreover, this smacks more of a consolidation resulting from these three companies inability to compete, rather than an effort to establish a new company capable of doing so.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
The three European aerospace companies Airbus, Leonardo, and Thales today confirmed previous rumors and announced they are merging their satellite divisions into a new company, dubbed Project Bromo, in order to better compete with the giant satellite constellations in the U.S. and China.
The preliminary deal wraps up months of three-way talks and clears the path to create a single company with annual revenue of about €6.5 billion ($7.5 billion). Airbus will own 35% of the group, with the other two partners each holding 32.5% stakes, according to a joint release.
The alliance, dubbed Project Bromo, is seen as a key litmus test for Europe to consolidate its fragmented defense and space industries to better compete with US and Chinese competitors. It aims to unify Europe’s satellite efforts and provide more autonomy in a segment that has become commercially and geopolitically vital.
These companies are coming to this competition very late in the game. SpaceX already has more than 8,000 satellites in orbit, and new constellations by Amazon and several Chinese pseudo-companies have already begun launching satellites. Moreover, this smacks more of a consolidation resulting from these three companies inability to compete, rather than an effort to establish a new company capable of doing so.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The print edition can be purchased at Amazon or from any other book seller. If you want an autographed copy the price is $60 for the hardback and $45 for the paperback, plus $8 shipping for each. Go here for purchasing details. The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Huddling together for warmth in the cold.