European defence spending gives Thales a boost as it reinforces 2025 targets
European defence spending gives Thales a boost as it reinforces 2025 targets
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Thales reported €5 billion in sales for Q1 2025, a 9.9% increase from Q1 2024, driven by a 15% rise in defence sales. Aerospace sales grew by 8.4%, but cyber and digital sales fell by 2.1%. New orders dropped by 27% to €3.8 billion, with defence orders down 59%. The company is assessing the impact of rising tariffs and has launched mitigation plans. Thales expects organic sales growth of 5-6% for 2025.
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