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Thales (HO)

Business description

Thales is a global defence and civil contractor operating in 50 countries, with 68,000 employees. It is structured in two divisions, aerospace & transport and security & defence, sharing advanced technology and drawing on complementary capabilities to provide often dual-use products.

£1.5bn UK Project Marshall win

Institutional Comment | Aerospace & Defence | 31/10/2014

Our view: Not as “jumbo” as it looks. Thales and its partner NATS (the UK’s National Air Traffic Systems) have won the £1.5bn Project Marshall, to upgrade and support the UK military air traffic control system for the next 22 years. The order looks huge, and is, we believe, one of those large upcoming orders about which Thales spoke with such confidence on the Q3 results call, forecasting a strong Q414 book to bill.

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