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Investing.com -- Leonardo's Chief Executive Officer, Roberto Cingolani, has confirmed discussions with Airbus regarding potential alliances in the satellite industry. The goal of these alliances would be to strengthen Europe's position in the face of global competition.
Cingolani revealed the ongoing discussions with Airbus and Thales (EPA:TCFP) during a conference at the Italian parliament. The meeting with the Airbus CEO took place early on Tuesday morning at an airport in Rome.
The Leonardo CEO emphasized the need for European entities to unite in order to compete in the highly competitive satellite industry. However, he cautioned that establishing such alliances would require considerable effort and time, stating, "it's not something you can do in two months, it really needs a lot of work."
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