Thales Group

The Thales Group is a global electronics company serving aerospace, defence, and information technology markets worldwide. Prior to December 2000 the group was known as Thomson-CSF. Established (under a different name) in France more than a century ago, it now has operations in more than 30 countries and 65,000 employees, and generated 11.1 billion euros in revenues in 2002. The stock of Thales is part of the CAC 40 stock market index. In 2002 Thales set up the joint venture company Armaris with the French shipbuilder DCN. The new company will exploit the combined capabilites to offer a total "bottom up" shipbuilding capability. In 2003 Thales UK's design won the competition for the Royal Navy Future Carrier (CVF) and the company will participate in an alliance company with BAE Systems and the UK Ministry of Defence. This Thales design may form the basis of the Future French aircraft carrier which the company has agreed to build with DCN. Thales is part of the Airtanker consortium, the winning bid for the RAF's Future Strategic Tanker Aircraft.

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