Thales Reports Mixed 2018 Financial Results
The French industrial group reported strong growth in defense and security, but mediocre aerospace results.

In 2018, France’s Thales group performed very well in its defense and security sectors but was a bit less prosperous in aerospace. Total sales amounted to €15.86 billion ($17.97 billion), compared to €15.23 billion in 2017, up 4.1 percent. The organic change (at constant scope and currency) came in at +5.3 percent, thanks to strong growth numbers in defense and security sales, which increased 4.3 percent to €8.02 billion. Many different business units contributed to this gain, including surface radars; optronics; systems for fighter aircraft; systems and services for military ships; military radiocommunications; and cybersecurity, among others.