Spain seeks a strong industrial role in new European space group

Airbus, Thales and Leonardo plan to combine their space businesses in a new European company known as Project Bromo.

Spain wants its industry to have a strong role in the group and has raised its concerns with project representatives.

The planned company is intended to help Europe compete with the larger space industries of the United States and China and become more self-reliant.

Spain is interested in leading the unit for satellite equipment, such as antennas and power systems, but Germany is also seeking that role.

France is expected to oversee satellite communications, while Italy is expected to handle Earth observation.

The European Commission is expected to set conditions for approving the deal, possibly requiring some assets to be sold.

The agreement on conditions is expected before the end of 2026, with the new company expected to begin operating in early 2028.