Thales: still working on satellite merger project, no agreement reached at this stage

PARIS (Reuters) -No agreement has yet been reached between France’s Airbus and Thales and Italy’s Leonardo to create a major new European satellite manufacturer, a Thales spokesperson told Reuters on Thursday.

“No agreement has been reached at this stage. We are continuing our work. Any further comment would be premature,” the spokesperson said.

(Reporting by Tim Hepher; Writing by Benoit Van Overstraeten; Editing by Sudip Kar-Gupta)