Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Thales    HO   FR0000121329

THALES

(HO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Thales : and Mitsubishi Heavy Industries (MHI) join forces to deliver combat proven high frequency sonars to the Japan Maritime Self-Defense Force

11/24/2020 | 02:47am EST
  • Thales and MHI signed a contract for the delivery of High Frequency Synthetic Aperture Sonar (HFSAS) SAMDIS to equip MHI's OZZ-5 Unmanned Underwater Vehicle (UUV).
  • Through this contract, Thales contributes to Japan's national security by introducing combat proven technology to domestic manufacturer.

Japan Maritime Self-Defense Force relies on Thales and MHI to equip itself with the latest generation of high-resolution synthetic aperture sonar that provides a high level of classification. The choice of Thales technologies, which have been extensively proven in service with navies around the world, provides the highest levels of protection available today.

In a changing international context, countries are strengthening the protection of their maritime approaches. At the same time, it is essential to limit human exposure to mines. With 50 years of expertise serving navies around the world, Thales develops technologies that enable the transition from conventional solutions, such as minehunters, to UAV-based solutions (Unmanned Aerial Vehicle).

Through this agreement, HFSAS will be deployed in MHI's OZZ-5 UUV. With the combination of the Thales HFSAS with Japanese LFSAS (Low Frequency Synthetic Aperture Sonar) technology, the sonars will allow operators to detect suspected mines regardless of the varied or unvaried condition, accommodating today's increasing demand for MMCM (Maritime Mine Counter Measures). Thales HFSAS provides AuDC (Automatic Detection and Classification) function, which relieves operators' load to process the collected data.

This contract agreement is the starting point of a long-term program with Japan Maritime Self-Defense Force as end-user and potentially opens the door to export markets. The continuous and successful collaboration between Thales and MHI in Japan has been, once again, strengthened by the order of SAMDIS HFSAS to equip MHI's OZZ-5 UUV. Working together with Thales, MHI is aiming to enter new markets in Japan's allies by offering high-end technology to the most powerful navies. Thales' anti-submarine warfare and maritime safety & security systems are currently in service with more than 50 navies.

'Equipping the OZZ-5 underwater vehicle with our high frequency sonar evidences our strong relationship with MHI which started years ago with the development of the OZZ-X prototype. It materializes the continuation of the ongoing Japan/ France bilateral long-term cooperation. Thales is really enthusiastic to bring its field proven expertise for the benefit of national and foreign defense forces through this successful alliance with MHI.' Cyrille Dupont, President and CEO of Thales Japan.

'We are very proud to be onboard the OZZ-5 mine warfare UUV with Thales SAMDIS HFSAS and to contribute to the OZZ-5 outstanding operational performances and unique positioning on this highly competitive market segment. This contract demonstrates Thales' capability to tailor its offerings to any type of vehicle and navy requirement and will pave the way for future achievements with our MHI partner.' Alexis Morel, VP Underwater activities, Thales.

About Thales
Thales (Euronext Paris: HO) is a global high technology leader investing in digital and 'deep tech' innovations -connectivity, big data, artificial intelligence, cybersecurity and quantum technology - to build a future we can all trust, which is vital to the development of our societies. The company provides solutions, services and products that help its customers -businesses, organisations and states - in the defence, aeronautics, space, transportation and digital identity and security markets to fulfil their critical missions, by placing humans at the heart of the decision-making process.
With 83,000 employees in 68 countries, Thales generated sales of €19 billion in 2019 (on a basis including Gemalto over 12 months).

About Thales in Japan
Present in Japan since 1970, Thales works with over 500 suppliers ranging from large enterprises to SMEs. The Group serves Japanese needs in scientific, security and defense (Japanese government), aerospace, digital identity security solutions (various Japanese organizations, MNOs, banks, governmental or civil markets, etc), spatial, transportation and various industrial applications.
A strong portfolio of solutions and technologies enables Thales to meet customer and partner needs efficiently by supporting them in common projects. Key projects have enabled Thales in Japan to expand the business locally and to build a dynamic and skilled workforce.
With 148 employees in Japan, mainly in Tokyo, Thales' will is to boost its local presence by partnering with local players, addressing worldwide needs and partnering with key industrial Japanese players.

Disclaimer

THALES SA published this content on 23 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 November 2020 07:46:01 UTC


© Publicnow 2020
All news about THALES
01/22THALES : Kongsberg wins remote weapon stations contract of 1 030 mnok with the b..
AQ
01/21THALES : unveils three quantum technologies set to revolutionise the world of to..
PU
01/21TAKING FLIGHT : Tech Leaders Come Together to Develop the Future of UK Aviation
PU
01/20AIRBUS : EU Awards Contracts Worth EUR1.47 Billion to Airbus, Thales
DJ
01/20THALES : To reinforce its 'make in india' commitment at aero india 2021
AQ
01/20THALES : NS50 radar to equip the Belgium Navy and the Royal Netherlands Navy nex..
PU
01/20THALES : to reinforce its ‘Make in India' commitment at Aero India 2021
PU
01/15THALES : Half year liquidity contract statement for Thales on 31st December 2020
PU
01/14BHARAT DYNAMICS : Partners with Thales for Air Defense System
MT
01/14THALES : Atocha and Santa Justa stations now adapted to high speed and liberalis..
PU
More news
Financials
Sales 2020 17 040 M 20 736 M 20 736 M
Net income 2020 717 M 873 M 873 M
Net Debt 2020 2 975 M 3 620 M 3 620 M
P/E ratio 2020 25,7x
Yield 2020 1,69%
Capitalization 16 057 M 19 546 M 19 540 M
EV / Sales 2020 1,12x
EV / Sales 2021 1,02x
Nbr of Employees 80 237
Free-Float 46,4%
Chart THALES
Duration : Period :
Thales Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THALES
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 85,40 €
Last Close Price 75,50 €
Spread / Highest target 52,3%
Spread / Average Target 13,1%
Spread / Lowest Target -41,5%
EPS Revisions
Managers and Directors
NameTitle
Patrice Caine Chairman & Chief Executive Officer
Jean-Loïc Galle SEVP, Chief Operating & Performance Officer
Pascal Bouchiat CFO, Senior EVP-Finance & Information Systems
Philippe Keryer Executive VP-Strategy, Research & Technology
Charles Edelstenne Director
Sector and Competitors