EURENCO and Thales sign a strategic partnership until2030
EUROSATORY, Parc des Expositions Paris-Villepinte, June 18, 2024 - EURENCO and Thales have strengthened their collaboration and signed a strategic partnership agreement aimed at ensuring the supply of energy materials and key components for both companies' programmes. This strategic partnership agreement secures the partners' commitment to order and supply agreed volumes of energy materials over a period of more than five years.
As part of this alliance:
- Thales will be able to place orders for powders and specialised compositions produced by EURENCO to propel guided and unguided munitions.
- EURENCO will be able to order trinitrotoluene (TNT) and hexogen explosive (RDX), produced by Thales, to meet the growing needs of the high-performance explosives market.
The agreement also provides a framework for identifying mutually beneficial opportunities.
Thierry FRANCOU, CEO of EURENCO, underlines the importance of this partnership: "This alliance is a major step forward for both our companies. It testifies not only to our mutual trust, but also to our shared commitment to effectively meeting our customers' expectations and the evolving needs of global defense in the face of new threats."
Alexis Morel, Vice President Operations for Thales' Land and Air Systems, commented: "This strategic agreement between Eurenco and Thales has been in preparation for several months. It will ensure that our respective supplies are secured. By leveraging the complementary nature of our energetic material production activities on a European and global basis, the agreement enables Thales to guarantee our customers the ability to contribute to their sovereignty programmes in the field of guided and unguided munitions."
About EURENCO
EURENCO is the European leader in Energetic Materials with a complete range of powders, explosives, fuel objects and additives for strategic markets: Defense & Security, Space, Oil Extraction, Fuel Additives. Our explosive and propellant charge solutions are customized for complex applications: warheads, missiles, bombs, underwater weapons and small, medium and large-caliber ammunition.
More information at www.eurenco.com
A propos de Thales
Thales (Euronext Paris: HO) is a global leader in advanced technologies within three domains: Defence & Security, Aeronautics & Space and Digital Identity & Security. It develops products and solutions that help make the world safer, greener and more inclusive. The Group invests close to €4 billion a year in Research & Development, particularly in key areas of innovation such as AI, cybersecurity, quantum, cloud technologies and 6G. Thales has 81,000 employees in 68 countries. In 2023, the Group generated sales of €18.4 billion.
