PARIS : French defence group Thales reaffirmed full-year financial forecasts as it reported a 1.4per cent dip in underlying third-quarter sales, dampened by comparisons with the easing of a first wave of COVID-19 lockdowns a year earlier.
"For long-haul, the recovery will take much longer," Chief Financial Officer Pascal Bouchiat told reporters. On Tuesday, it said it expected to sign a definitive deal in the first quarter of 2022. For now, the group's 2020 and 2021 numbers have been adjusted to remove the outgoing unit. Australia last month said it would scrap a US$40 billion deal for Naval Group to supply conventional submarines and would instead build at least eight nuclear-powered subs with U.S. and British technology after striking a trilateral security pact.
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