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Airbus, Thales, and Leonardo are on the verge of formalizing a joint venture aimed at creating a European space enterprise capable of competing with American and Chinese giants. A letter of intent is expected soon, outlining the integration of their space operations.

The project aims for completion by winter 2026, enabling submission to European competition authorities. The companies seek to consolidate their satellite construction and intelligence activities, addressing the challenges posed by powerful competitors like SpaceX and emphasizing the need for increased autonomy in the face of shifting partnerships.