Thales sees sales near or above its target as defence orders expand
Thales ($HO) reported €19.12 billion of orders in the first nine months of 2026, up 14% as reported and 15% organically. Revenue increased 7.6% as reported and 8.1% organically to €16.42 billion. Defence sales grew 13% organically, substantially ahead of Aerospace at 4% and Cyber and Digital at 0.2%, making defence the main contributor to group growth. Management now expects annual organic sales growth at the upper end of its 6–7% target, potentially exceeding that range. It retained its 2026 ad
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