LA PLATA, Maryland — Thales Group sought to put into context the extraordinary estimate by Thales, Airbus and Leonardo that a merger of their space divisions would generate 400-600 million euros ($464-$696 million) in annual opening income from synergies five years after the close of the deal, expected in 2027.
In an Oct. 23 presentation of Thales’s financial results, Chief Financial Officer Pascal Bouchiat conceded that 500 million euros in annual synergies might seem extravagant given that the three companies’ space businesses in 2024 generated . . .
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