Defence firm Thales eyes profit growth after cyber expansion

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PARIS :Defence and technology firm Thales unveiled new four-year targets on Thursday, predicting more than 25 billion euros of revenues by 2028 as global defence spending rises and the company reaps a decade of cyber investments.

He said it was too early to judge the impact of U.S.elections on Thales' broad portfolio from defence to civil aircraft.

The figures were set out ahead of the first full-scale Thales investor day since 2019, a period that has seen margins resume growth after dipping during the COVID pandemic.

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Category: EconomyBusiness

Markets: SingaporeFranceUkraine

Topics: Cybersecurity French Company Cent Defence Paris Caine Cyber Growth 2028 Thales

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 14:17:14 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 677 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23584339

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