Thales S.A. provides various solutions in the defence and security, aerospace and space, and digital identity and security markets worldwide. The company offers advance air defence systems, combat systems, defence onboard electronics c4isr solutions, command and control solutions, mission and surveillance systems, airborne optronics, and airspace protection solutions; collaborative combat, intelligence, connectivity and cloud, country and force protection, military vehicle, collaborative artillery, and augmented soldier solutions; robotics and drones; above-water combat, unmanned maritime, and underwater warfare systems; naval support and services; and joint systems. It also provides mission-critical and radio communications; cyber defence and electronic warfare solutions; protection systems; unmanned aerial vehicle systems; digital transformation services; and Geonav IoT for real-time indoor/outdoor precise navigations. In addition, it offers digital identity and security solutions comprising banking and payment, data protection, digital identity, identity and access management, biometric, mobile, software monetization, secure IoT solutions, and IoT connecting and security solutions. Further, it provides air traffic management solutions; flight decks and avionics equipment and functions; in-flight entertainment, connectivity, and services; drone and navigation solutions; support and services for civil aviation; connectivity solutions; antennas; and solutions for internal and external aircraft lighting. It offers lasers; microwave and imaging sub-systems; microelectronic solutions; mobile satellite, environmental testing and evaluation laboratory, and training and simulation services; cryogenic technology and coolers; silicon security solutions; and designs, operates, and delivers satellite-based technologies. The company was formerly known as Thomson-CSF and changed its name to Thales S.A. in 2000. Thales S.A. was founded in 1893 and is based in Meudon, France.
Country
Sector
Themes
Also in
Price· split & dividend adjusted
No price history for this asset yet.
News & notes movingHO.PA
Artificial Intelligence▼impact 4
CloudSEK Identifies Over 2,500 Organisations Potentially Impacted by AI Supply Chain Exposure
CloudSEK has identified more than 2,500 organisations that may have been potentially affected by a major AI supply chain incident involving LiteLLM in March 2026, with approximately 434,000 automated software-development pipelines linked to the exposure. The potentially affected organisations span critical industries including technology, cybersecurity, banking and financial services, telecommunications, manufacturing, consulting, logistics, and enterprise software, with high-confidence matches associated with major global organisations including NVIDIA, Samsung Electronics, Cisco Systems, Siemens, S&P Global, ServiceNow, Deloitte, Vodafone, X Corp, Zscaler, FedEx, Volkswagen, Thales and London Stock Exchange Group. The incident occurred after cybercriminal group Team PCP compromised LiteLLM, and malicious versions were reportedly available through the Python software repository PyPI for only around 40 minutes, yet CloudSEK's analysis identified approximately 434,000 CI/CD pipelines potentially connected to the exposure. Potentially accessible information included cloud credentials, source-code access, server keys, software-development secrets, AI API keys and other credentials that could give attackers access to critical business systems, and CloudSEK stresses that appearing in the dataset does not automatically mean an organisation was successfully breached but should be investigated urgently. CloudSEK has released a free exposure-checking tool to help organisations determine whether credentials or infrastructure associated with them appear in the identified dataset.
France ramps up military drone production in partnership with auto industry
The French government is stepping up efforts to produce military drones by leveraging the production capacity of the automotive industry. At least six defence-automotive partnerships have been announced this year, involving major players such as Renault, Valeo, and Forvia. Renault plans to mass-produce the Toutatis kamikaze drone with Thales from 2027 at a rate of 1,000 units per month, while Forvia is considering building capacity to manufacture 1,000 interceptor drones per month. Drone maker Delair is teaming up with Schaeffler to set up a production line capable of around 100 drones per day by November. If these plans materialise, total annual production capacity could reach 60,000 units, though that would still fall short of the production scale in Ukraine and Russia.
Thales shares rise after Singapore air traffic management contract award
Thales has been awarded a contract by the Civil Aviation Authority of Singapore to deliver the country's NexGen Air Traffic Management System and new control radars. The company's shares trade at €245.9, with a 30-day return of 7.19% and a five-year total shareholder return of 208.58%. A popular narrative-based fair value estimate suggests Thales is 14.8% undervalued at €288.56, though its current price-to-earnings ratio of 33.8 times is above the 31 times fair ratio and the 29.2 times peer average. The valuation outlook is supported by accelerating European defense spending, including France's plan to raise its defense budget from €50 billion in 2025 to €64 billion by 2027.
Eviden and Thales strengthen French Army vehicle navigation with Galileo PRS integration
Eviden and Thales have integrated Thales' Galileo PRS capability into Eviden's militarized P3TS satellite navigation receiver used by the French Army. The upgrade enhances geolocation resilience for army vehicles by improving resistance to electronic attacks and spoofing while ensuring data integrity in contested environments. Two options will be available: the TopStar Galileo PRS Core Module providing access to Galileo PRS and open Galileo and GPS signals, and the TopStar Smart Receiver which adds anti-jamming functionality, both featuring an ultra-precise clock for tactical radio synchronization even after GNSS signal loss. The P3TS PRS system increases European strategic autonomy by reducing GPS dependency and meets forces' needs for sovereign, resilient solutions rapidly deployable in theaters where jamming and spoofing risks have intensified.
Flight Simulator Market to Reach USD 9.77 Billion by 2031, Growing at 8.0% CAGR
The global flight simulator market is projected to grow from USD 6.65 billion in 2026 to USD 9.77 billion by 2031, at a compound annual growth rate of 8.0%, according to a new report by MarketsandMarkets. The market was valued at USD 6.22 billion in 2025. Full flight simulators are estimated to account for 64.2% of the market in 2026, while the software segment is expected to register the highest CAGR of 9.7%. The Middle East is projected to be the fastest-growing region, driven by fleet expansion and new training centers in countries such as the UAE, Saudi Arabia, and Turkey. Key players include CAE Inc., FlightSafety International, Thales, Airbus, and TRU Simulation + Training Inc.
Romania to acquire twelve Thales GM200 MM/A radars under EU-funded agreement
Romania has signed a government-to-government agreement with France to acquire twelve Thales Ground Master 200 Multi-Mission All-in-one radars, funded under the European Union's SAFE programme. The deal, signed between the Romanian General Directorate for Armaments and France's Direction Générale de l'Armement, aims to strengthen Romania's airspace protection and NATO's eastern flank. The first delivery is expected in 2027. The GM200 MM/A is a medium-range 4D AESA radar capable of detecting targets up to 350 kilometres away, and its all-in-one design allows deployment in under 15 minutes. Thales, which already employs over 850 people in Romania, will establish a Radar Competence Centre to support local industrial capacity.
AIS Partners with Bridge Alliance and Thales to Launch World's First eSIM Multi-Operator Platform
AIS Business, together with Bridge Alliance and Thales, has launched the world's first multi-operator eSIM network for enterprise customers based on the GSMA SGP.32 standard, aiming to enhance IoT connectivity across the Asia-Pacific region. The project involves collaboration with four member operators of Bridge Alliance: AIS Thailand, Globe Telecom Philippines, Optus Australia, and Singtel Singapore, which jointly tested the platform until it was ready for commercial deployment. The platform enables enterprises to centrally manage connectivity, allowing devices to automatically select the most suitable network and switch operators without changing SIM cards. GlobalData forecasts that cellular IoT and machine-to-machine connections in the Asia-Pacific region will grow to 1.3 billion by 2030, and this solution will help reduce complexity and costs in cross-border connectivity management for businesses operating in multiple countries.
Thales H1 profit drops 27% but adjusted EBIT and orders climb, confirming 2026 outlook
Thales reported a 27% decline in first-half net income to €485 million, while adjusted EBIT rose 9.9% to €1.372 billion and order intake jumped 21% to €12.47 billion. Sales grew 6.7% to €10.949 billion, with organic growth of 7.8%. The company confirmed its 2026 targets of organic sales growth between 6% and 7% and an adjusted EBIT margin between 12.6% and 12.8%. Shares gained around 3.26% in Paris, trading at €234.20.
Plug and Play Partners with Thales to Expand Deep-Tech Startups Globally
Plug and Play has entered a strategic partnership with Thales to accelerate the global expansion of deep-tech startups through Thales' Trust My Tech program. Plug and Play will implement its Innovation Framework within Thales, a structured approach to strengthen innovation capabilities, with Singapore serving as the first hub in the APAC region. The partnership will identify and support frontier startups across sectors including artificial intelligence, cybersecurity, aerospace, digital identity, quantum technologies, sustainability, fintech, communications, and regulatory technology. Selected startups will have the opportunity to develop proofs-of-concept, pilot initiatives, and potential commercial collaborations with Thales' regional and global business units, enabling real-world validation and pathways to international markets.
Global Military IFF Market to Reach US$7.8 Billion by 2036 as Mode 5 Modernisation Accelerates
The global military Identification Friend or Foe market is forecast to grow from US$3.8 billion in 2026 to US$7.8 billion by 2036, expanding at a compound annual growth rate of 9.7%. The transition to encrypted Mode 5 standards, rising demand for network-integrated identification, and increased procurement across airborne, naval, and land platforms are driving growth. Advances in software-defined architectures and cryptographic modules are reshaping the competitive landscape, with major players including BAE Systems, L3Harris Technologies, Thales Group, and Northrop Grumman strengthening their positions through Mode 5 programme delivery. The market outlook is also influenced by export controls, geopolitical tensions, and supply chain constraints, with US trade tariffs adding cost pressure and reinforcing demand for secure identification systems. The report provides detailed analysis across system types, interrogator ranges, platforms, components, technology standards, applications, and geographic markets.
Spacecraft Attitude Sensor Market to Reach $245.8 Million by 2032
The global spacecraft attitude sensor market is projected to grow from $122.85 million in 2025 to $245.80 million by 2032, at a compound annual growth rate of 10.41%. The market encompasses technologies such as cold atom, fiber optic, hemispherical resonator, MEMS, ring laser, and vibrating structure gyroscopes, with sensor types including earth sensors, gyroscopes, magnetometers, star trackers, and sun sensors. Platforms range from CubeSats and launch vehicles to military spacecraft and satellites, serving applications in communication, earth observation, military, navigation, and scientific research. Regional dynamics show the Americas emphasizing defense and commercial communications, EMEA focusing on high-reliability missions, and Asia-Pacific pursuing cost-effective solutions. Key suppliers include Honeywell International, Ball Aerospace & Technologies, Northrop Grumman, Raytheon Technologies, and Thales Group, among others.
Space-Based Synthetic Data for AI Training Market to Reach $7.84 Billion by 2030
The space-based synthetic data for artificial intelligence training market is projected to grow from $2.08 billion in 2025 to $7.84 billion by 2030, according to a new report from ResearchAndMarkets.com. The market is expected to reach $2.71 billion in 2026, reflecting a compound annual growth rate of 30.7%, driven by increased satellite deployments and rising demand for AI training data. Key players profiled in the report include Lockheed Martin, Northrop Grumman, and Thales Group, among 18 other companies. North America currently holds the largest market share, while Asia-Pacific is anticipated to be the fastest-growing region. The report covers data types such as imagery, sensor data, and telemetry, with applications spanning autonomous vehicles, earth observation, defense, and telecommunications.
Smart Transportation Market to Reach $400.92 Billion by 2032
The global smart transportation market is projected to grow from USD 176.22 billion in 2026 to USD 400.92 billion by 2032, at a compound annual growth rate of 15.0%. The roadways segment is expected to be dominated by traffic management solutions, while the railways segment will see substantial growth in passenger information solutions. In the airways segment, air traffic management solutions are forecast to lead. Major players include Thales Group, Huawei, Siemens, Cisco, and Alstom.
Thales to acquire controlling stake in Exail, valuing the company at 3.9 billion euros
Thales, Europe's largest defence technology group, has announced it has signed an agreement to acquire a controlling stake in underwater drone technology company Exail. Thales has agreed to purchase 35.51% of Exail shares held by the Gorgé family at 134 euros per share, and plans to subsequently launch a tender offer for the remaining shares with the aim of taking full ownership. This offer exceeds the 128.5 euros per share proposed by Safran, giving Exail an enterprise value of 3.9 billion euros. Thales and Exail expect the addressable market in anti-submarine warfare to grow nearly tenfold, from 85 billion euros in 2025 to over 700 billion euros by 2030. The transaction is expected to close in the third quarter of 2027, subject to regulatory approvals.
CAC 40 edges higher as Thales rallies on Exail stake deal
France's CAC 40 index ended marginally higher on Monday, adding 10.72 points or 0.13% to 8,518.79, as easing geopolitical concerns and expectations of steady central bank rates supported sentiment. Thales climbed 2% after agreeing to buy the Gorge family's 35.51% stake in high-technology industrial group Exail Technologies. EssilorLuxottica rose 2.3% and Publicis Groupe gained nearly 2%, while Vinci fell about 2% despite securing three long-term road contracts in Greater London worth nearly €70 million per year combined. A sharper contraction in French construction activity, with the S&P Global France Construction PMI dropping to 38.2 in June from 39.6 in May, capped further gains.
European Shares Tick Higher As German Factory Orders Surge
European stocks were flat to slightly higher on Monday as investors braced for central bank commentary and the release of U.S. Federal Reserve minutes later in the week. Germany's factory orders rebounded at a stronger-than-expected pace in May, expanding 1.9 percent on a monthly basis versus a forecast of 1.1 percent, after a revised 3.2 percent decline in April. On a yearly basis, growth in factory orders accelerated to 6.2 percent from 2.1 percent in the previous month. The pan European Stoxx 600 edged up 0.1 percent to 653.45, while the German DAX gained 0.2 percent, France's CAC 40 added half a percent, and the U.K.'s FTSE 100 was up 0.3 percent. Among individual stocks, EasyJet soared 11 percent after agreeing in principle to a takeover offer worth around £5.2 billion from U.S. investment firm Castlelake, while Thales rallied 2 percent on news it will buy the Gorge family's 35.51 percent stake in Exail Technologies.
Thales joins Visa VDRP to scale Click to Pay in Asia Pacific
Thales has become the first technology partner to join the Visa Digitalization Ready Program in Asia Pacific, aiming to help financial institutions adopt Visa digital payment services. The collaboration will initially focus on deploying Click to Pay and Payment Passkeys through Thales' D1 card issuing platform, which supports digital issuance and tokenisation. The partnership is intended to simplify integration with Visa digital services and reduce implementation complexity for issuers, combining greater convenience for consumers with stronger security and authentication. Thales Asia, Middle East & Africa, Banking & Payment Services vice-president Nassir Ghrous said the company is uniquely positioned to help financial institutions accelerate their digital transformation.
Airbus, Leonardo, and Thales seek EU approval for three-way space merger
Airbus, Leonardo, and Thales have jointly requested EU approval for a three-way merger of their space operations, aiming to create a single European space group to compete more directly with global players such as SpaceX. EU competition authorities are expected to review potential impacts on market concentration, pricing power, and industrial supply chains. If regulators clear the transaction, the resulting structure could influence how capital, talent, and R&D budgets are allocated across European aerospace. Investors in Airbus will likely watch for updates on the review process, any required remedies, and how governance and ownership of the merged unit are ultimately defined.
Thales Secures U.S. Army Order for Up to 5,000 LOCODA Radio Platforms
Thales Defense & Security, Inc. has secured an order for up to 5,000 Low Cost Data Architecture Radio Adaptable Transport platforms from the U.S. Army. The Thales RAT solution was conceived, developed, and made field-ready in less than four months, modernizing voice and data communications across current and future Army vehicle platforms. Built with a commercial-off-the-shelf and non-developmental item approach, the system supports single-channel, multi-channel, and multi-transport modes, integrates with existing radio mounts, and provides AES-256 encryption and TrellisWare MANET waveform security. The order supports the Army's broader tactical communications modernization effort.
French stocks declined on Friday with the CAC 40 down 35.45 points or 0.45% at 7,788.07, as investors turned cautious ahead of Fitch Ratings' review of France's sovereign credit rating. Stellantis led the losses, falling 2.6%, while Hermes International and Renault dropped 1.7% and 1.6% respectively. Thales bucked the trend with a 1.8% gain. The moves came as data confirmed France's consumer price inflation eased to 0.9% in August from 1% in July, matching initial estimates.
CAC 40 Edges Higher Ahead of Fed Policy Announcement
French stocks turned in a mixed performance Wednesday morning with investors looking ahead to the Federal Reserve's monetary policy announcement due later today. The benchmark CAC 40 was up 18.20 points or 0.22% at 8,465.47 at noon. Schneider Electric gained 2%, while Legrand, Saint Gobain and Safran moved up 1.3%, 1.2% and 1.1% respectively. Defense technology company Thales gained about 1% after entering a strategic partnership with Renault Group to develop and industrialize the large-scale production of the TOUTATIS loitering munition. Among the losers, Orange shed about 3.7%, EssilorLuxottica drifted lower by 2.7%, and Stellantis lost 1.6%.
European stocks were subdued on Wednesday as caution gripped markets ahead of the U.S. Federal Reserve's interest-rate decision later in the day. The pan-European STOXX 600 was marginally lower at 635.83 after rising 0.3 percent on Tuesday, while the German DAX dropped half a percent and the U.K.'s FTSE 100 slipped 0.2 percent. France's CAC 40 was marginally higher. Auto shares fell, with Germany's BMW tumbling 6.5 percent after cutting its 2026 outlook, Volkswagen declining 2.2 percent, Mercedes Benz losing 3.3 percent, and Renault dropping 1 percent. Defense technology company Thales rose about 1 percent after entering a strategic partnership with Renault Group to develop and industrialize the large-scale production of the TOUTATIS loitering munition, and Nokia added 1.3 percent after announcing a significant expansion of its advanced test and packaging operations in Allentown, Pennsylvania.