Thales’ defence sales down in third quarter

22 October 2017

French defence and transportation company Thales revealed details of its third quarter performance on 19 October, reporting sales of EUR3.1 billion (USD3.7 billion) for the period, a 2.9% fall year on year.

Defence & Security remained Thales’ largest segment in Q3 2017, with sales of EUR1.5 billion, although this figure was 3.1% lower than in the third quarter of 2016. Aerospace saw a smaller contraction of 1.6%, while Transport’s sales grew by 7.6%.

Chairman and CEO of Thales Patrice Caine said “In the first nine months of the year, thanks to the commitment of our teams around the world, Thales has maintained a solid commercial momentum.

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