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Avionics · Defense Spending · IRIS² · Thales
Aerospace group Thales has reported a 9.1% increase in nine-month revenues to 15.26 billion euros, exceeding analyst expectations.
The company also saw a 9% rise in new orders, reaching 16.76 billion euros. The defense division was a key driver, with revenues up 13.9%.
Thales secured an initial contract for the European Union's IRIS² secure communications constellation. While the space business grew as expected, the Cyber & Digital segment experienced a 3.8% sales drop due to the integration of Imperva, acquired in 2023.
The company reaffirmed its financial targets for the year, despite acknowledging competitive pressures in the space sector.
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