Leonardo's Ambitious Satellite Venture

In a bold move to rival Elon Musk's Starlink, Leonardo S.p.A. CEO Roberto Cingolani announced plans to unveil a European satellite alliance. Partners include industry giants Airbus SE and Thales Group, marking a significant step in Europe's space ambitions.

Strategic Partnerships and Market Analysis

Cingolani revealed to CNBC that the consortium is currently evaluating potential synergies, market viability, and antitrust considerations. This careful analysis underscores the project's strategic importance and the challenges ahead.

Future Satellite Launches

Highlighting Leonardo's commitment to space, Cingolani also shared plans to deploy 18 military and 20 civil multi-sensor satellites by 2027 and 2028. This initiative signals a significant investment in both defense and civilian space technologies.