Thales Order Book Valued At $14.17 billion, Increases 7% in 2013 From Previous Year

Thales revealed their annual result for the year 2013, stating the order intake has increased about 7% from the previous year totally valued $14.17 billion.

About 19 significant orders over $100 million unit value were registered in 2013. The company’s order book enjoyed an increase in sales last year with consolidated orders standing at $29.5 million, representing more than two years of sales.

According to the 2013 financial statements, Thales saw a 5% rise in defense and security section, and aerospace with 2% in terms of order intake

Jean-Bernard Lévy, Chairman and Chief Executive Officer said, "In 2013, Thales achieved a substantial improvement in operating profitability and a very strong growth of order intake in emerging countries. These results are a very encouraging first step. Despite a persistently unfavourable environment in Western defence markets, our results confirm our ambition to return to profitable growth, based on competitiveness efforts, a stronger international presence and the mobilisation of a unique set of capacities.”

In Aerospace, Thales won several major contracts including a UK A400M aircrew training and simulation service contract and in Space, a contract with the European Space Agency (ESA) as prime contractor for the 2016 and 2018 missions of the Exomars scientific programme, as well as several contracts for satellites, including a dual-use communication satellite for Brazil, an observation satellite for an African country and a new tranche of the Meteosat European programme.

Under Defence & Security, the Group won 2 contracts from France: the second tranche of the Contact software defined radio programme, the Atlantique 2 maritime patrol aircraft renovation and the new F3R standard Rafale (laser targeting pod, electronic systems). In the United Kingdom, Thales was awarded a sensor system support contract for the Royal Navy. In emerging markets, several major contracts were captured in Defence & Security, particularly in the Middle East (Saudi frigates upgrade, air defence radars in the United Arab Emirates, optronics and critical infrastructure security).

In emerging markets, total new orders recorded 30% sharp rise in 2013 compared to 26% over the same period in 2012. Group sales totaled €14,194 million at 31 December 2013, which is almost identical to the 2012 figures.