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French defence giant Thales reported that its sales for the first nine months of 2024 were €14.1 billion ($15.2 billion), up 6.2% on an organic basis. Order intake was €15.55 billion, up 23% on an organic basis compared with the first nine months of 2023. Looking forward, the group confirmed 2024 targets, which include: an organic sales growth between 5% and 6%; and EBIT margin in a range of 11.7% to 11.8%. “The Defence business enjoyed unparalleled visibility thanks to emblematic long-term contracts. Avionics was driven by the recovery in air traffic and solid growth prospects. The cybersecur…

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