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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Thales SA | EU:HO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 150.50 | 150.45 | 152.50 | 0.00 | 01:00:00 |
From Jun 2023 to Jun 2024
By Mauro Orru
Thales has won a contract worth roughly 305 million euros ($327.1 million) to provide in-service support for the Canadian Navy's fleet of warships.
The French aerospace-and-defense company said Thursday that the Canadian government had selected Thales Canada and Thales Australia in a joint venture, for an initial service period of five years, for the Royal Canadian Navy's fleet of Minor Warships and Auxiliary Vessels that includes about 100 vessels from 24 different classes.
Thales will ensure the fleet remains operationally fit, with the flexibility to increase or reduce the number of vessels serviced. The contract also carries an extension option of up to 19 years in total.
In July, the joint venture secured a similar contract to provide in-service support for the Canadian Armed Forces' fleet of Minor Warships and Auxiliary Vessels.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
September 07, 2023 08:44 ET (12:44 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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