THLLY - Thales nabs the French armed forces contract

The French Ministry for the Armed Forces selects Thales ([[THLLY]] -2.7%) as prime contractor for ground segment of the Syracuse IV system capacity expansion.The company will work on military satellite systems integration in Europe and the Middle East to supply the end-to-end management system required for full interoperability, as well as nearly 200 ground terminals.The role of Thales Alenia Space in this contract will include mission management for the Syracuse constellation and management of the anchoring capabilities of the operatorThe Group was selected to supply the satellites in 2015 and to lead the first increment of the ground segment in 2019.Press Release

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Thales nabs the French armed forces contract