Raytheon, Thales restructure TRS
Raytheon and Thales have concluded the transaction regarding the way the ThalesRaytheonSystems joint venture will be structured by each stakeholder. Company structure transitions are effective immediately.
The ThalesRaytheonSystems joint venture will focus solely on NATO agencies and NATO member nations for the delivery of the Air Command and Control System (ACCS), theatre missile defence, and ballistic missile defence.
Ground-based radars and non-ACCS-related air command and control systems currently within the joint venture portfolio will transition to their parent companies.
The former TRS LLC US Operations is now a wholly-owned subsidiary of Raytheon, Raytheon Command and Control Solutions; and the former TRS SAS French Operations is now a wholly-owned subsidiary of Thales.
As a result of the transaction, Raytheon made a cash payment to Thales in the amount of $90 million and will be recording a tax free gain of approximately $150 million in its second quarter.
More from Defence Notes
-
![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.
-
![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.
-
![Collins MAPS Gen II to equip US DoD watercraft]()
Collins MAPS Gen II to equip US DoD watercraft
US services have already conducted multiple tests with military maritime systems fitted with the system.
-
![OCCAR expects substantial boost in programme numbers “in the coming months”]()
OCCAR expects substantial boost in programme numbers “in the coming months”
Europe’s Organisation for Joint Armament Cooperation (OCCAR) “has to establish itself…as a centre of excellence for cooperative Defence Equipment Programmes” in the face of growing threats and the need for rearmament, according to the organisation’s chairman.
-
![MBDA CEO emphasises “moment of truth” for Europe as company sees €37 billion backlog]()
MBDA CEO emphasises “moment of truth” for Europe as company sees €37 billion backlog
MBDA CEO Éric Béranger stressed the company’s role supporting European countries with complex weapon systems and focused on boosting production against the backdrop of “shifting” geopolitical alliances.
