Due to the high demand for its entire product line, French defence and technology company Thales expects to hire 12,000 new employees this year, according to CEO Patrice Caine in an interview with a French weekly magazine.
He stated that over the previous eight years, Thales, which employs 80,000 people worldwide, 40,000 of whom are located in France, had added 5,000 to 8,000 new employees annually, and that 11,500 of those were hired just last year.
All of the company’s businesses, including identity and digital security, aerospace and space, and defence and security, were, according to Caine, expanding rapidly. The needs in all of the fields of endeavour are expanding, and the corporation is a reflection of its markets, he claimed.
The Ground Master 200 Radar Air Defense System from France will be delivered to Ukraine in May, according to Caine, who recently met with the Defense Minister of that country.
Ahead of the Refinitiv Europe Aerospace & Defense index, shares of Thales, Europe’s largest armaments electronics contractor, had increased by about 60% to new all-time highs since the start of Russia’s invasion of Ukraine on February 24, 2022.
The French military budget is expected to increase by more than a third in the coming years, from 295 billion euros in the 2019–2025 period to 413 billion euros in the 2024–2030 period, as the army prepares for a new security environment in the wake of Russia’s invasion of Ukraine. This was announced by President Emmanuel Macron in January.
About the Thales Group
More than 81,000 people work for Thales, a leader in technology across five continents. To create a future we can all be confident in, the group is investing in digital and “deep tech” advancements such as big data, artificial intelligence, connectivity, cybersecurity, and quantum technology.
Thales offers solutions, services, and equipment in the areas of defence and security, aerospace and space, digital identity and security, and transportation to assist its clients—businesses, organisations, and governments—in completing their crucial responsibilities.
Large organisations like governments, administrations, universities, cities, and enterprises make up Thales’ clientele. In the domains of defence, security, air and rail transportation, finance, telecommunications, etc., they all offer or run infrastructure, systems, and services that are essential to society.
The first real-world application of PQC
A few days ago, Thales, a leader in global cybersecurity, developed the first practical implementation of post-quantum cryptography (PQC) in its secure flagship “Cryptosmart” mobile app by utilising a 5G SIM.
In the pilot, pre- and post-quantum encryption were combined to safeguard the data transmitted over the phone line between two devices. During the past ten years, Thales has invested in and tested post-quantum cybersecurity technology in an effort to be ready for these new dangers.
The NIST has advised using hybrid cryptography for this first real-world quantum-protected mobile solution, which combines Thales’ “Cryptosmart” application with its 5G SIM (National Institute of Standards and Technology).
Thales is ranked as one of the world’s most innovative companies.
According to Clarivate’s Top 100 Global InnovatorsTM 2023, Thales is one of the seven most inventive French businesses and organisations in the world. 3,000 researchers and 30,000 engineers work in research and development, which supports the group’s capacity for innovation.
Thales invests 4 billion euros in R&D annually, of which 1 billion is self-financed. The firm presently has 20,000 patents in its portfolio and submits between 350 and 400 new patent applications each year.