Thales

HO: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Thales Earnings: Solid Defense and Avionics Momentum; Space JV Marks Structural Reset

Loredana Muharremi

Oct 23, 2025

Thales posted 11% organic growth in the third quarter and 9% year to date, driven by strong defense and aerospace performance offsetting a weak quarter for cyber.

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Thales

Thales Earnings: Solid Defense and Avionics Momentum; Space JV Marks Structural Reset

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