Thales seems to be a kind a leader in the market . What do you think ?

Bluewings: Thales is a very successful group, but it should be recognised that many of its operations are in quite separate business units. Thales have, for instance, bought up a number of sensor companies, notably Pilkington Optronics, Vinten (recce pods etc), Marconi, Ferranti etc... This is no criticism, it is the way the defence industry works (look at BAE with Bofors and United Defence), but it needs to be noted when thinking of Thales. The group has grown by what is arguably the most efficient means possible, namely purchase of existing companies. As for being a leader in the market, not so sure about 'leader', it certainly is a major company, with a diverse skills set, and does well in getting contracts. Some in the UK are a little bitter about what is perceived as a 'French' company getting contracts that could have gone to the 'British' BAE. I say 'French' and 'British' because these characterisations aren't entirely justified, since Thales now has a lot of British content, and BAE is less British than it used to be.

 

In summary, Thales is involved in a lot of areas of business, but this involvement does rely heavily on having bought into existing companies and competencies, rather than organic growth of Thales' core business.