Thales : Naval Group torpedoed in Australia – negligible impact on the valuation
>Australia in the end opts for nuclear propulsion - The Australian prime minister has just confirmed the press rumours from yesterday afternoon. Australia has thus opted to acquire nuclear submarines (and not conventional ones) in cooperation with the US and UK, with production set to start early in the next decade (contract details will be negotiated over the next 18 months). The agreement signed between these three countries, named AUKUS, goes well beyond submarines...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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