BRIEF-Seair announces default on senior debt
* Seair Inc - defaulted on terms of its senior debt senior debt and is currently in negotiations with its creditors to develop a restructuring plan
PARIS, April 29 France's Thales confirmed its 2014 financial objectives after posting flat sales in the first quarter, coupled with further evidence of busy demand for defence and security equipment in emerging markets.
Europe's largest defence electronics group by sales said quarterly revenue rose 1 percent on a like-for-like basis to 2.396 billion euros, led by a 7 percent gain in Aerospace.
The group's order intake rose 10 percent - 13 percent in comparable terms - to 2.03 billion euros, led by a sharp upswing in defence and security deals in Latin America and the Middle East.
Thales reaffirmed targets for the year, including stable revenues and a double-digit percentage growth in new orders from emerging markets, which it expects will offset declines in defence spending in developed markets. (Reporting by Tim Hepher; editing by Geert De Clercq)
* Sets regular quarterly dividend of $0.2425 per share Source text for Eikon: Further company coverage:
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