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Thales Group

Thales Group
Company nameThales S.A.
Company typeSociété Anonyme
IndustryAerospace, defence, IT
Founded6 December 2000
Key peopleLuc Vigneron (Chairman and CEO)
ProductsTactical radios, remote weapon systems, radar, infantry mobility vehicles
Revenue-13.12 billion (2010)
Operating income(-) (-173.3 million) (2010)
Net income(-) (-107.6 million) (2010)
Total assets-19.02 billion (end 2010)
Total equity-3.681 billion (end 2010)
Employees63,730 (end 2010)
SubsidiaryThales Communications, Thales Air Defence, Thales Underwater Systems, Thales Nederland, Thales Australia, Thales Training & Simulation

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The Thales Group is a French electronics company delivering information systems and services for the aerospace, defense, transportation and security markets. The headquarters are in Neuilly-sur-Seine (in the suburbs of Paris), and its stock is listed on the Euronext Paris.

The company changed its name to Thales from Thomson-CSF in December 2000 shortly after the £1,300 million acquisition of Racal Electronics plc, a UK defence electronics group. It is now partially state-owned by the French State, and has operations in more than 50 countries. It has 68,000 employees and generated -13.1 billion in revenues in 2010. The Group is ranked as the 475th largest company by Fortune 500 Global, is the 11th largest defence contractor in the world and 60% of its total sales are military sales.

Significant changes have occurred since the largest private shareholder, Alcatel, sold its stake in Thales to Dassault. The CEO for many years, Denis Ranque, was replaced by Luc Vigneron (formerly of the much smaller state-controlled armoured vehicle manufacturer Nexter) who has initiated an extensive re-organisation.

The Thales Group is named after the Greek philosopher Thales. The company is pronounced -frtaˈlɛs.

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