Thales S.A. (Euronext Paris: HO)

Business overview

Four segments: Defense & Security, Aerospace, Digital Identity & Security, Ground Transportation. Integrator of complex electronic and software systems.

Watch: Mixed defense/civil exposure (commercial aerospace, digital identity) - less of a pure-play than Rheinmetall or CSG, which partially dilutes the pure defense thesis.

Valuation

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View open tenders in Electronic systems & avionics +3

Update log

Date	News	Impact
9/7/2026	Airport Security Solutions, Global, 2025-2030 Now Available — Tracks 9.4 Billion 2024 Passengers Across 7 Regions as 100+ Vendors Compete for Smart Airport Contracts Yahoo Finance	Yahoo Finance
8/25/2026	Ocius Selects ThayerMahan and Thales Australia Thin-line Arrays for Bluebottle Fleets Naval News	Naval News
8/19/2026	Global Military Communications & COTS Market Report 2026–2036: Evaluating $75.70B Forecast, SDR Modernization, Satellite Networks, and Strategies of L3Harris, Thales, General Dynamics, and Northrop Grumman Yahoo Finance	Yahoo Finance
8/4/2026	Thales Launches Luna 8 Hardware Security Module for Post-Quantum Cryptography Readiness The Quantum Insider	The Quantum Insider
8/4/2026	Thales Builds Cryptographic Security for the Age of AI and Post-Quantum Computing Yahoo Finance	Yahoo Finance
8/4/2026	Thales Australia whips together armed UGV in just 6 weeks Defense News	Defense News
8/3/2026	Thales Launches Imperva for AWS to Help Organizations Protect Applications and APIs Yahoo Finance	Yahoo Finance
8/3/2026	Airbus and Thales win order for SpainSat replacement SpaceNews	SpaceNews
8/3/2026	Netherlands Commences USV Design for New ASW Frigates with Thales FLASH Sonar Naval News	Naval News
8/1/2026	Is Thales (ENXTPA:HO) Expensive After Its Singapore Air Traffic Management Contract? Yahoo Finance	Yahoo Finance
7/30/2026	Singapore Selects Thales for Next-generation AI-powered Air Traffic Management System Serving One of Asia’s Busiest Airspaces Yahoo Finance	Yahoo Finance
7/24/2026	Thales to Strengthen Romania’s Airspace Protection With Twelve Ground Master 200 MM/A Radars Yahoo Finance	Yahoo Finance
7/23/2026	Electronic Toll Collection Market to Reach USD 16.65 Billion by 2032, Driven by Intelligent Transportation Investment \| Kapsch Trafficcom, Conduent, Transcore, Thales, and Siemens Dominate Yahoo Finance	Yahoo Finance
7/23/2026	Thales (THLEF) (H1 2026) Earnings Call Highlights: Strong Order Intake and Cash Flow Propel Growth Yahoo Finance	Yahoo Finance
7/23/2026	Thales Stock \| HO Price Euronext Paris Stock Exchange - Zonebourse google_news	Zonebourse
7/22/2026	Thales S.A. Reports Financial Results for the First Half Ended June 30, 2026 - Zonebourse google_news	Thales S.A. has released its financial results for the first half of 2026, ending on June 30.
7/17/2026	Bernstein cites Thales (alongside Leonardo and Rheinmetall) among its preferred European stocks.	Analyst conviction recently strengthened
7/15/2026	Plug and Play Announces a Strategic Partnership with Thales to Support Global Expansion of Deep-Tech Startups through Trust My Tech Program Yahoo Finance	Yahoo Finance
7/9/2026	RC Fornax, Bango, Quantum Blockchain, Seraphim Space Investment Trust - Small Cap Snapshot Yahoo Finance	Yahoo Finance
7/8/2026	Thales: accelerates defense production and industrial investments across Europe - Zonebourse Suisse google_news	Zonebourse Suisse
7/6/2026	Thales to buy French underwater-drone maker Exail in $4.5 billion deal C4ISRNET	Thales SA is set to acquire the French underwater-drone manufacturer Exail for $4.5 billion to strengthen its naval unmanned equipment portfolio.
7/6/2026	Exail Technologies acquisition for €3.9bn.	Strengthening of the external growth strategy
7/2/2026	Thales joins Visa VDRP to scale Click to Pay in Asia Pacific Yahoo Finance	Yahoo Finance
6/25/2026	Thales stock 2026: analysis, forecasts, investment advice - Cafedelabourse google_news
6/24/2026	Airbus (ENXTPA:AIR) Seeks EU Backing For Three Way Space Merger Yahoo Finance	Yahoo Finance
6/14/2026	The French Army has evaluated the 120MC, a new 120mm mobile mortar system proposed by Thales - Zone Militaire google_news	Zone Militaire
6/10/2026	Stocks to watch on Thursday: Thales, Worldline - ABC Bourse google_news	ABC Bourse
5/3/2026	FY2025 Results: Revenue EUR 22.1bn, R&D EUR 4.5bn/year. Book-to-bill >1.	Confirmed growth and visibility.
4/21/2026	Thales Q1 2026 Results: Defense drives growth but investors are unconvinced - XTB.com google_news	XTB.com
3/31/2026	Thales S.A. (HO) Stock Price Live Euronext \| 2026 Stock Quote - Coin Academy google_news	Coin Academy
2/19/2026	Buying Thales shares on the stock market: analysis and share price - ig.com google_news	ig.com
1/13/2026	Is Thales S.A. Stock (HO) Still a Buy After Climbing 90% in 2025? - TIKR.com google_news	TIKR.com
9/18/2024	THALES DEFENSE & SECURITY INC — $104,244,130 (Department of Defense) USASpending	THIS LEADER RADIO FULL RATE PRODUCTION ORDER AUTHORIZES THE PURCHASE OF RADIO AND COMMUNICATION EQUIPMENT.
5/31/2024	Hitachi Rail acquires Thales' Ground Transportation Systems business for 1.66 billion euros - GlobeNewswire GlobeNewswire	GlobeNewswire
5/15/2024	THALES DEFENSE & SECURITY INC — $95,929,004 (Department of Defense) USASpending	THE PURPOSE OF THIS DELIVERY ORDER IS TO ISSUE THE SECOND DELIVERY ORDER QUANTITY FOR RADIO TRANSMITTER (R/T) AGAINST COMBAT NET RADIO (CNR) POST- FIRST ARTICLE TESTING (FAT) ORDERING PERIOD 3.
9/7/2022	THALES DEFENSE & SECURITY INC — $106,943,464 (Department of Defense) USASpending	LEADER RADIO PROGRAM FULL RATE PRODUCTION 2 (FRP-2) AWARD IN SUPPORT OF ACAT IC PEO-C3T/PM-TR/PDM-HMS.
3/25/2022	THALES DEFENSE & SECURITY INC — $81,796,529 (Department of Defense) USASpending	MINIMUM GUARANTEE FOR CNR FIRST ARTICLE TEST ASSETS
7/16/2018	THALES USA, INC. — $104,451,136 (Department of Defense) USASpending	DEPLOYABLE INSTRUMENT LANDING SYSTEM
06-10/07/2026	Thales-Leonardo consortium selected by NATO (NCIA) for a special forces communications contract.	Confirms the structural collaboration between the two European primes.