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Thales Unit Wins $53.9 Mln US Navy Contract

By Reuters News

Nov 2 (Reuters) - Thales SA TCFP.PA:

  • THALES SELECTED TO DELIVER NEXT-GENERATION MINE-HUNTING CAPABILITY FOR THE U.S. NAVY

  • SUBSIDIARY ADVANCED ACOUSTIC CONCEPTS (AAC) WON A $53.9 MILLION US NAVY CONTRACT FOR TWO REMOTE MINE HUNTING (RMH) MODULES AND ENGINEERING SUPPORT

  • AWARD INCLUDES OPTIONS FOR ADDITIONAL MODULES THAT COULD INCREASE TOTAL CUMULATIVE CONTRACT VALUE TO AROUND $196.2 MILLION

Source text: ID: nBwKsl4Qa

Further company coverage: TCFP.PA

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