France’s Thales sees revenue and profit growth after cyber expansion

PARIS: Defence and technology firm Thales unveiled new four-year targets on Thursday, predicting more than 25 billion euros ($26.34 billion) of revenues by 2028 as it reaps a decade of cyber investments.

Europe’s largest defence technology supplier, which has quadrupled its cybersecurity revenues through acquisitions in recent years, said it aimed for 5% to 7% average compound sales growth between 2024 and 2028.