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Thales: still working on satellite merger project, no agreement reached at this stage

Published by Global Banking & Finance Review

Posted on October 16, 2025

1 min read

· Last updated: January 21, 2026

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Thales: still working on satellite merger project, no agreement reached at this stage
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PARIS (Reuters) -No agreement has yet been reached between France's Airbus and Thales and Italy's Leonardo to create a major new European satellite manufacturer, a Thales spokesperson told Reuters on

Thales Continues Efforts on European Satellite Manufacturing Merger

Thales and Airbus Satellite Merger Efforts

PARIS (Reuters) -No agreement has yet been reached between France's Airbus and Thales and Italy's Leonardo to create a major new European satellite manufacturer, a Thales spokesperson told Reuters on Thursday.

Current Status of the Merger

"No agreement has been reached at this stage. We are continuing our work. Any further comment would be premature," the spokesperson said.

Future Prospects and Challenges

(Reporting by Tim Hepher; Writing by Benoit Van Overstraeten; Editing by Sudip Kar-Gupta)

Key Takeaways

  • Thales is in merger talks with Airbus and Leonardo.
  • No agreement has been reached yet.
  • The merger aims to create a major European satellite manufacturer.
  • Thales continues to work on the merger project.
  • Further comments on the merger are considered premature.

Frequently Asked Questions

What is a merger?
A merger is a business strategy where two companies combine to form a single entity, often to enhance competitive advantages, increase market share, or achieve operational efficiencies.
What is a satellite manufacturer?
A satellite manufacturer is a company that designs and builds satellites for various purposes, including communication, weather monitoring, and scientific research.
What is the significance of European satellite manufacturing?
European satellite manufacturing is crucial for advancing technology, enhancing communication capabilities, and ensuring competitive positioning in the global aerospace market.

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