Europe space industry needs consolidation, Airbus CEO says

The chief executive of Airbus said on Tuesday that Europe’s space industry needs to restructure and consolidate in the face of private U.S. competition and investments in China and elsewhere. “We are fragmented in a world where some giants have emerged, especially in the U.S. but not only; they are also growing in China,” Guillaume Faury told a news conference. Airbus and Thales Alenia Space, which includes France’s Thales and Italy’s Leonardo, have said they are in early talks on a possible tie-up of satellite activities.Read More