Thales Group is a French conglomerate known for its holdings in the defense and critical infrastructure industries. The company focuses on cutting-edge, advanced 'deep tech' systems, data analytics, AI, communications, defense, space and is working on quantum technologies. The company announced yesterday that it has signed a 10-year contract to supply radio systems to the US Army worth $6 billion. Thales became one of two entities that won the tender. Thales' total revenue for 2021 was nearly €17 billion:
- The company is expanding its cyber security business and has made further strategic acquisitions: S21sec and Excellium (Maxive Cybersecurity holding) for €120 million. These companies are among the main service providers offering cyber integration in Europe. Thanks to these moves, Thales continues its expansion into Portugal, Spain and Belgium markets;
- Thales has already made similar strategic acquisitions in the past, which have proven to be successful. In 2016 and 2019, the company acquired Vormetric and Gemalto, respectively;
- Thales is planning to improve its status as cybersecurity leader. In order to quickly respond to critical situations, the firm created Security Operations Centers (SOC) which in theory will provide effective supervision resources in the field of cybersecurity for its customer base, which consists of both civilian customers such as industrial companies and critical infrastructure providers: military, government and intelligence. The financial and public sector accounted for more than half of Thales' revenues in 2021. The risk of hacking attacks increased dramatically after Russia's attack on Ukraine amid a complicated global geopolitical situation;
- Cybels platforms, (risk pricing, simulation and response to cyber attacks), the Sovereign range of products (sensors to protect information systems, encryptors) and CipherTrust (cloud licensing and data protection) in 2021 provided Thales with revenues of nearly €1 billion;
- In early April 2022, the company announced that it was strengthening its partnership with Dassault Aviation, another French defense player. The company will also provide service electrical systems on Falcon aircraft;
- Thales' technology business is part of the global trends of advanced technologies that forces companies to work closely with national governments and intelligence agencies. Leidos and Kratos have similar activities in the US.
Thales (HO.FR), D1 interval. Company's stock price rose sharply after Russia's attack on Ukraine. So far, the demand reacted strongly in the area around €112.00, which coincides with 38.2% Fibonacci retracement. However, if the recent downward correction accelerates - then price may fill the February bullish gap, which is marked with 61.8% and 71.6% Fibonacci retracement. On the other hand, the buyers may encounter resistance in the area around €120.00 which is marked with previous price reactions. Source: xStation5
