Leonardo S.p.A. Announces Ambitious EU Satellite Project

In a bold move to compete with Elon Musk's Starlink, Leonardo S.p.A. CEO Roberto Cingolani revealed plans for a European satellite alliance. This venture, in collaboration with industry giants Airbus SE and Thales Group, aims to redefine space communication.

Strategic Synergies and Market Viability Under Scrutiny

Cingolani shared with CNBC that the consortium is currently evaluating the project's feasibility, focusing on potential synergies, market convenience, and antitrust compliance. The announcement is expected within the coming months, marking a significant step forward in Europe's space ambitions.

Leonardo's Vision for the Skies

Earlier this month, Leonardo outlined its commitment to space by announcing plans to deploy 18 military satellites and 20 civil multi-sensor satellites into orbit by 2027 and 2028, further solidifying its position in the global space race.