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Thales SA (THLEY.PK)

THLEY.PK on OTC Markets Group - US Other OTC and Grey Market

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Latest Key Developments (Source: Significant Developments)

Thales to upgrade the Swiss Air Force master radars
Wednesday, 18 Jan 2017 08:15am EST 

Thales : Thales to upgrade the Swiss Air Force master radars . This contract, which amounts to 74 million euros ($78.90 million), will be the main order within the broader FLORAKO radars life extension project approved by the Swiss government . As part of the Swiss Air Force's Florako programme, the master radars will be modernized over a period of 60 months .This technological update will enable the Swiss Air Force to maintain operational excellence up until 2030.  Full Article

Alstom wins 190 mln euros Vietnam metro contract
Tuesday, 17 Jan 2017 01:22am EST 

Alstom : Signed a contract with Hanoi Metropolitan Railway Management Board (MRB) to supply a metro system for Hanoi metro line 3 to start commercial operation by the end of 2021 . Alstom was leader of consortium with Colas Rail and Thales in Vietnam metro deal . Alstom's share of the contract is worth around 190 million euros ($205 million) ($1 = 0.9384 euros) Further company coverage: [ALSO.PA] ((sudip.kargupta@thomsonreuters.com;)).  Full Article

Thales Alenia Space Spain wins contract with ESA
Friday, 14 Oct 2016 05:15am EDT 

Thales : Thales Alenia Space Spain wins a contract with the ESA for the development of an innovative infrared instrument for earth observation Further company coverage: [TCFP.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;)).  Full Article

Engie signs partnership with Thales to enhance the security of its IT infrastructures
Tuesday, 30 Aug 2016 05:23am EDT 

Engie Thales : Aim is to anticipate evolution of cyber threats .Monitoring center will be based in Elancourt (Yvelines, France) and on the ENGIE premises in Saint-Ouen (Seine-Saint-Denis, France)..  Full Article

Engie and Thales win 225 million euro contract in Senegal
Wednesday, 27 Jul 2016 02:53am EDT 

Engie SA : Engie (mandatory) and Thales have been selected by APIX (the Senegalese Agency for Investment Promotion and Public Works, under the office of President of Senegal) to design and build systems and infrastructures for the new Dakar Regional Express Train .The contract is valued at €225 million ($247.30 million).  Full Article

Thales says H2 will be weaker than H1
Friday, 22 Jul 2016 03:59am EDT 

Thales Sa : Thales CEO says not affected by Airbus A400M delays, delivered its parts on time and on cost . CEO says should not expect company to repeat strong performance of H1 in H2 . Thales CFO says drop in sterling to have higher impact in H2 .Thales CFO says 10 percent drop in sterling has an impact of 15 million euro on Thales EBIT on an annual basis.  Full Article

Thales Alenia Space signs contract with Orbital ATK
Monday, 11 Jul 2016 08:30am EDT 

Thales : Signs contract with Orbital ATK to produce additional key hardware for upcoming cargo resupply missions to international space station .Contract signed by Thales Alenia Space, a JV between Thales (67%) and Leonardo-Finmeccanica (33%).  Full Article

Easyjet has selected the Thales/ACSS T3CAS
Monday, 11 Jul 2016 05:19am EDT 

Thales : Easyjet has selected the Thales/ACSS T3CAS - terrain collision avoidance system - surveillance solution on their A320 NEO and CEO aircraft Further company coverage: [TCFP.PA] (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Thales Alenia Space acquires RUAG's opto-electronics business line
Monday, 11 Jul 2016 01:05am EDT 

Thales SA : Thales Alenia Space acquires RUAG's opto-electronics business line .Transaction is subject to the usual closing conditions, and should be finalized by the end of the year.  Full Article

Raytheon, Thales modify ThalesRaytheonSystems joint venture structure
Friday, 1 Jul 2016 12:28pm EDT 

Raytheon Co : Raytheon and Thales modify ThalesRaytheonSystems joint venture structure . Raytheon made a cash payment to Thales in amount of $90 million . Company structure transitions are effective immediately . Will be recording a tax free gain of approximately $150 million in its Q2 financial results . Says ThalesRaytheonSystems joint venture has been restructured to focus solely on NATO agencies and NATO member nations . Former TRS LLC - US operations is now a wholly-owned subsidiary of Raytheon, Raytheon Command and Control Solutions . Former TRS SAS - French operations is now a wholly-owned subsidiary of Thales .Ground-Based radars,non-ACCS-related air command,control systems currently within jv portfolio will transition to parent companies.  Full Article

More From Around the Web

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Pilot error poses biggest risk to Thales ascent

LONDON (Reuters Breakingviews) - Thales looks like the European strongman of the defence sector – with some of the pitfalls that entails. The French group’s stellar financial performance is fuelling a growing war-chest for mergers and acquisitions. Patrice Caine may be tempted to embark on a big-ticket deal, though giving money back to shareholders would be more diplomatic.

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