Emerging markets key to Thales growth
French aerospace and defence group Thales has posted an increase in sales for 2016, with emerging markets being at the centre of 'strong growth' for the company.
Emerging markets – which include Asia and the Middle East – now account for €4.5 billion in sales for Thales, representing a 13.3% increase from 2015.
'It means that the proportion of business activity [from emerging markets] has also grown,' said Patrice Caine, Thales Group CEO and Chairman. According to Thales, these countries now account for 30% of all sales, compared with 28% in 2015.
Total sales worldwide for 2016 was €14.9 billion,
Already have an account? Log in
Want to keep reading this article?
You may also like
More from Defence Notes
-
![Spain unveils new multi-billion euro defence investment plan]()
Spain unveils new multi-billion euro defence investment plan
The new plan outlined how Spain would reach 2% of its GDP spend on defence by 2025, with €1.9 billion earmarked for new equipment acquisition with several land, naval and air platforms disclosed to be replaced or upgraded.
-
![New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia]()
New Zealand boosts defence spend to US$6.6 billion and vows increased closeness with Australia
This budget will be spent over the next four years and nearly doubles the country’s defence spending as part of GDP to 2%.
-
![UK Chancellor commits £2 billion to make the country a “defence industrial superpower”]()
UK Chancellor commits £2 billion to make the country a “defence industrial superpower”
Rachel Reeves announced port upgrades, protected budgets for innovation and investment in novel technologies.
-
![Avalon 2025: Australian defence budget meets the low expectations of show attendees]()
Avalon 2025: Australian defence budget meets the low expectations of show attendees
The Australian Budget was marked by tax cuts and a looming general election which led to little hope that there would be a substantial defence boost even with a big bill for nuclear submarines due.
-
![Launch of Gilat Defense targets DoD market]()
Launch of Gilat Defense targets DoD market
The communications company Gilat launched its new Gilat Defense division at the Satellite 2025 expo, with future solutions aimed at US military customers.
