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Europe’s Leading Aerospace Companies Join Forces for Project Bromo to Rival Starlink

Dec 15, 2024over 1 year ago

Contract Type

partnership

NetherlandsManufacturing

Description

Europe’s leading aerospace companies, including Airbus, Thales, and Leonardo, are contemplating a new joint venture called “Project Bromo” to establish a competitive satellite enterprise to challenge the dominance of Elon Musk’s Starlink. The initiative is inspired by an Indonesian volcano and aims to create a robust European satellite entity, similar to the missile manufacturer MBDA. Discussions are advancing towards creating an independent organization that integrates their satellite assets, rather than enabling a single company to acquire them, resembling the structure of MBDA.

Company Information

Company

Airbus

Location

MENDELWEG 30

Netherlands

About

Airbus SE is a European multinational aerospace corporation that designs, manufactures, and sells civil and military aerospace products worldwide. It operates through three segments: Airbus, Airbus Helicopters, and Airbus Defence and Space.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months