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Thales Group
Thales S.A., trading as Thales Group (French pronunciation: [talɛs]), is a French multinational aerospace and defence corporation specializing in electronics. It designs, develops and manufactures a wide variety of aerospace and military systems, devices and equipment but also operates in the cybersecurity and formerly civil ground transportation sectors. The company is headquartered in Paris' business district, La Défense, and its stock is listed on Euronext Paris.
Founded as Thomson-CSF in 1968, the group was rebranded Thales in 2000 due to the company's desire to simplify and improve the group's brand.
Thales is partially owned by the French state and operates in more than 68 countries. In 2023, the company generated €18,42 billion in revenue and was the 17th largest defence contractor in the world, with 53% of its total revenue generated from its military activities.
The firm began as Compagnie Française Thomson-Houston (CFTH), established in 1893. In 1968 Thomson-Brandt (a renamed CFTH) merged its electronics arm with that of Compagnie générale de la télégraphie sans fil (CSF) to form Thomson-CSF, which changed its name to Thales in December 2000.
In October 1999, Samsung Electronics announced a 50-50 joint venture with the global French defense contractor. The joint venture, based in South Korea, would be led by a CEO appointed by Samsung Electronics and will take over the entire defense business that Samsung Electronics has been conducting, which employed 697 people and generated sales of KRW 163.1 billion (US$134.5 million) the previous year. The new company would now market Samsung Electronics' defense communication equipment, satellite communication systems and terminals, fire control systems, radar guidance equipment including detection and tracking devices, and gunner's sights; and would begin overseas exports through Thomson's sales network. Samsung stated that the two parent companies also intended to combine their respective areas of competitive advantage to jointly develop and sell next-generation products.
In June 2001, Thales formed ThalesRaytheonSystems, an equal-ownership joint venture with Raytheon combining their radar and communication systems divisions. It was restructured in 2016 to sell exclusively to NATO agencies and member states.
In 2002, Thales set up the joint venture company Armaris with the French shipbuilder DCN to offer a total "bottom up" shipbuilding capability. Also in 2002, Thales Broadcast Multimedia, a former subsidiary of Thales, provided China with standard short-wave radio-broadcasting equipment designed for general public radio broadcasting. Though the contract was not for this purpose, it later appeared that China used these ALLISS antennas for jamming foreign radio broadcasts to China.
In 2003, Thales UK's design won the competition for the Royal Navy Future Carrier (CVF), and the company now participates in an alliance company with BAE Systems and the United Kingdom's Ministry of Defence.
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Thales Group
Thales S.A., trading as Thales Group (French pronunciation: [talɛs]), is a French multinational aerospace and defence corporation specializing in electronics. It designs, develops and manufactures a wide variety of aerospace and military systems, devices and equipment but also operates in the cybersecurity and formerly civil ground transportation sectors. The company is headquartered in Paris' business district, La Défense, and its stock is listed on Euronext Paris.
Founded as Thomson-CSF in 1968, the group was rebranded Thales in 2000 due to the company's desire to simplify and improve the group's brand.
Thales is partially owned by the French state and operates in more than 68 countries. In 2023, the company generated €18,42 billion in revenue and was the 17th largest defence contractor in the world, with 53% of its total revenue generated from its military activities.
The firm began as Compagnie Française Thomson-Houston (CFTH), established in 1893. In 1968 Thomson-Brandt (a renamed CFTH) merged its electronics arm with that of Compagnie générale de la télégraphie sans fil (CSF) to form Thomson-CSF, which changed its name to Thales in December 2000.
In October 1999, Samsung Electronics announced a 50-50 joint venture with the global French defense contractor. The joint venture, based in South Korea, would be led by a CEO appointed by Samsung Electronics and will take over the entire defense business that Samsung Electronics has been conducting, which employed 697 people and generated sales of KRW 163.1 billion (US$134.5 million) the previous year. The new company would now market Samsung Electronics' defense communication equipment, satellite communication systems and terminals, fire control systems, radar guidance equipment including detection and tracking devices, and gunner's sights; and would begin overseas exports through Thomson's sales network. Samsung stated that the two parent companies also intended to combine their respective areas of competitive advantage to jointly develop and sell next-generation products.
In June 2001, Thales formed ThalesRaytheonSystems, an equal-ownership joint venture with Raytheon combining their radar and communication systems divisions. It was restructured in 2016 to sell exclusively to NATO agencies and member states.
In 2002, Thales set up the joint venture company Armaris with the French shipbuilder DCN to offer a total "bottom up" shipbuilding capability. Also in 2002, Thales Broadcast Multimedia, a former subsidiary of Thales, provided China with standard short-wave radio-broadcasting equipment designed for general public radio broadcasting. Though the contract was not for this purpose, it later appeared that China used these ALLISS antennas for jamming foreign radio broadcasts to China.
In 2003, Thales UK's design won the competition for the Royal Navy Future Carrier (CVF), and the company now participates in an alliance company with BAE Systems and the United Kingdom's Ministry of Defence.