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Airbus CEO Addresses Potential Space Consolidation

By Rachel Jewett

Friday, November 1st, 2024

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Airbus CEO Addresses Potential Space Consolidation

Rendering of an Airbus OneSat satellite. Photo: Airbus

Airbus is evaluating potential consolidation for its Space segment in Europe, CEO Guillaume Faury told investors on Oct. 30. The Space segment at Airbus has been challenged this year with charges on satellite programs. Airbus restructured the Space segment earlier this year and is going through an audit of some of its programs. The company also announced up to 2,500 layoffs in the space segment earlier this month. Airbus, Thales, and Leonardo are reported to be in talks for a potential space merger,…

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