PARIS — Space hardware provider Thales Alenia Space (TAS) expects to increase its pretax profit margin by to 7% by 2028 from 2023’s 1% with a company restructuring, reduced R&D as its software-defined telecommunications satellite design enters the market, and growth led by the TAS Italy’s exploration and Italy’s Telespazio services operation.
In a Nov. 14 presentation at Thales Group’s Industry Day, TAS Chief Executive Hervé Derrey said the company’s telecom division, its current pain point, will also benefit as . . .
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