Thales Delivered on Our Expected Operational Improvements for Transport Segment in First-Half 2017
Thales reported good half-year sales of EUR 3.2 billion, up 5.8% on a reported basis and 5.9% organically on the year-ago period. Revenue was in line with our expectation and marks a welcome improvement in project execution for transport, as well as the start of invoicing on major projects won in 2015 and 2016. Additionally, the firm recorded a strong level of orders, which amounted to EUR 6 billion, up 10% from a year earlier. These included eight large orders, among which are orders for two te...Thales is an electronics and systems group, serving defense, aeronautics, transport, space and security markets. Co.'s operations can be divided into four operating segments: Aerospace (Avionics, Space), Transportation (Ground Transport Systems), Defence & Security (Secure Communications & Information Systems Land and Air Systems, Defence Mission Systems), and DCNS. Co. designs and delivers systems for all four environments: air, land, sea and space. These systems detect and assess threats, manage information, support command decisions and control engagements through to threat neutralization. Co. is active in ground transportation; air transport; navigation systems.
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