Subscribe to our free daily newsletters
. Military Space News .




Subscribe to our free daily newsletters



Thales And DCN Announce French Naval Defence Alliance


Paris (AFP) Dec 15, 2005
French defence electronics group Thales and state-owned naval shipyards DCN linked up on Thursday in a significant step towards consolidation of European naval defence industries.

The agreement between the companies, creating an entity which will be one of the three biggest shipbuilders in Europe, has the strong support of French Defence Minister Michele Alliot-Marie.

DCN, which is 100-percent state owned, is both a manufacturer of warships and submarines and a supplier of defence computer systems and advanced technology.

The company, which employs 12,100 people, counts the French navy as its main customer, but also supplies more than 40 navies across the world.

Alliot-Marie told a press conference: "We have to end up by bringing together the whole of the European (naval defence) industry.

"I don't think that we are going to start with an agreement with the Germans," she said. "The discussions are more advanced with the Spanish and the Portuguese."

The chief executive of DCN, Jean-Marie Poimboeuf, said: "This is a vital preliminary step on the way to the European phase in five years' time."

The transaction fits a pattern of attempts by the French government to re-organise military construction in France and in Europe.

In 2000, France played an important role in the consolidation of European missile, helicopter and aircraft-making companies into the European Aerospace Defence and Space Company, or EADS.

DCN, or Direction des Constructions Navales, expects to generate sales of 3.0 billion euros (3.6 billion dollars) this year compared with 2.6 billion euros last year and says it has an order book worth "in excess of 8.0 billion euros".

Thales, formerly known as Thomson-CSF, is a supplier of electronics to the defence and security sectors. It is quoted on the French stock exchange, but is 31.3-percent owned by the French state.

The price of shares in Thales showed a gain of 0.77 percent to 38.17 euros in a broadly flat market.

DCN and Thales signed a shareholding alliance under which Thales agreed to transfer to DCN its naval shipyard activities and its half of a joint venture between the two companies.

In return, Thales is to take a 25.0-percent stake in DCN and make a cash payment of 100.0-150.0 million euros to the French state.

The transaction is expected to be completed in June next year and Economy and Finance Minister Thierry Breton said that Thales might thereafter increase its stake in DCN to 30.0-35.0 percent.

Workers at DCN protested against the perceived privatisation of the company on Thursday, Thales is quoted on the Paris stock exchange, and trades unions threatened strike action.

Several hundred employees of DCN demonstrated against the link up in the French town of Brest, where DCN manufactures big warships.

Source: Agence France-Presse

Related Links
DCN
Thales
SpaceDaily
Search SpaceDaily
Subscribe To SpaceDaily Express

Elbit Systems ORCWS 25-30 Unmanned Turret System Completes Field Trials
Haifa, Israel (SPX) Dec 15, 2005
Elbit Systems has reported that its Overhead Remote Control Weapon Systems ORCWS 25-30 has successfully completed a series of firing tests. The ORCWS 25-30 is a fully stabilized, dual-axis overhead unmanned turret system with 25 or 30 mm automatic cannons.







  • Calls For Closer US Tabs On China Tech Rise
  • China Wants To Boost Trade, Military Ties With India
  • Walker's World: A 4x4 Coalition Emerging
  • Outside View: Coping with China

  • India Tells Bush To Use Full Weight To Get Nuclear Deal Passed
  • SKorea And US Split On NKorea Deal
  • Bring Back The Nukes
  • Israel Urges World To Open Eyes To Iran

  • Taiwan Modifies Aircraft To Carry Anti Ship Missiles
  • India Successfully Tests Trishul Missile
  • India Successfully Tests Surface To Air Missile
  • Russian RPG Line Dominates World Market For Man Portable Anti Armor Weapons

  • Japan Expects To Pay One Third Of Joint Missile System With US
  • Orbital Launches OBV Missile Defense Interceptor Rocket
  • Northrop Grumman Plays Critical Role In Missile Defense Test
  • Boeing Leads Ground-based Midcourse Defense Flight Test

  • USAF Declares Initial Operating Capability For F22A Raptor Jet Fighter
  • FAA, LockMart Complete National Rollout Of New Radar Data Communications Gateway
  • Anti-Missile Protection: Who Will Pay?
  • US Air Force Releases New Mission Statement

  • ADF To Be Equipped With New Long Range Tactical UAV Fleet
  • Lockheed Martin To Build High Altitude Airship For MDA
  • X-47B J-UCAS Team Simulates Control Of Four Attack UAVs
  • NOAA Completes First Series Of Missions With Altair UAS

  • US General Hails Election But Warns Insurgency Will Continue
  • More Sacrifice Ahead, Bush Says Of Iraq
  • Bush Presents Old Policy In New Wrapping
  • A Real Intelligence Failure

  • Thales And DCN Announce French Naval Defence Alliance
  • Elbit Systems ORCWS 25-30 Unmanned Turret System Completes Field Trials
  • Raytheon Team Conducts Weapon System Wind Tunnel Test For The APKWS II Program
  • Harris Introduces Falcon Watch Remote Intrusion Detection And Surveillance System

  • The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement