Leonardo Calls for Consolidation in European Satellite Sector
Leonardo Calls for Consolidation in European Satellite Sector
Leonardo Calls for Consolidation in European Satellite Sector
News summary

Lorenzo Mariani, co-general manager of Italian aerospace firm Leonardo, has called for the consolidation of the European satellite sector to effectively compete with Elon Musk's rapidly expanding Starlink network. During a recent statement, Mariani emphasized that Europe's industry must evolve and consider strategic mergers or collaborations to maintain its competitive edge in the global market. He highlighted that traditional satellite manufacturers are facing increasing pressure from Musk's low Earth orbit constellations. Additionally, major players like Airbus and Thales are reportedly exploring partnerships in satellite activities to strengthen their positions. Mariani's comments align with those of Airbus CEO Guillaume Faury, who has expressed the need for the company to create scale within the satellite sector.

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