Thales: Too soon to say if space consolidation with Airbus, Leonardo will work; double-digit growth in space backlog in 2024

by Peter B. de Selding

LA PLATA, Maryland — Thales Group Chief Executive Patrice Caene said it’s too soon to say whether ongoing talks with Airbus and Leonardo on a merger of all or part of their space divisions is feasible and, if so, whether it’s in the interest of Thales shareholders.

“The question is: Does it make sense for Thales?” Caene said in a March 4 investor call on the company’s 2024 results. “I don’t have the answer. We need to work on a potentially complex scheme. It’s a complex industry . . .

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