French hi-tech defence firm Thales said Tuesday its 2025 profits surged by 66 percent and forecast decades of growth driven by rising military spending and war in the Middle East.The aerospace, defence and cybersecurity group said its net profit rose 66 percent year-on-year to 1.68 billion euros ($1.95 billion) in 2025.
It logged record orders worth more than $29 billion, including around $17 billion in defence.
Chief executive Patrice Caine in an earnings statement called it "a very good year" that "ensures exceptional visibility for the years ahead".
Asked about lessons from the Israeli-US strikes on Iran and Tehran's retaliatory strikes on Gulf states hosting US bases in recent days, Caine said on a conference call that the events "confirmed, consolidated and added credibility" to military spending.
"It is an upward cycle of about a generation, because many countries under-invested in defence for one, perhaps even two generations," he said.
For 2026, Thales -- which employs over 85,000 people in 65 countries -- forecast growth of up to seven percent and revenue of around $27 billion.
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THALES
