Why small guns have been critical to layered CUAS architectures
Multiple countries have been deploying small arms as the last line of drone defence due to their multiple operational and tactical advantages.
Thales outlines measures to limit COVID-19 impact
Thales has outlined a series of measures it intends to take in order to mitigate the financial impact of the coronavirus outbreak on its business.
In a statement on 7 April, the company warned that the most severely hit division is likely to be its civil aeronautics business, which posted sales of €2.15 billion ($2.34 billion) in FY2019.
Patrice Caine, Chairman and CEO of Thales, said: ‘Our civil aeronautics businesses represent only around 12% of the Group’s turnover. However, like all industrial companies, this crisis is currently seriously disrupting production chains and project execution.’
Adaptation of workspaces and a reorganisation of shift patterns will be implemented to ensure adequate social distancing measures whilst deep cleaning and disinfection of production facilities will be stepped up.
In order to strengthen its liquidity, Thales has agreed to an additional €2 billion ($2.17 billion) syndicated credit facility with no covenant and can be used over the next 12 months.
Furthermore, dividends scheduled for 6 May will be restricted to €0.60 per share which will avoid a cash outflow of €430 million ($467.55 million).
You may also like
More from Defence Notes
-
![Why small guns have been critical to layered CUAS architectures]()
-
![Singapore Airshow 2026: ST Engineering hints at export success for AME assault rifle family]()
Singapore Airshow 2026: ST Engineering hints at export success for AME assault rifle family
The Singapore-based technology company unveiled its new rifle family at this week’s airshow. Chen Chuanren spoke with the ST Engineering’s head of small arms to find out more about how the weapons have been refined.
-
![High tension in the High North – a wake-up call for NATO’s future Arctic defence efforts?]()
High tension in the High North – a wake-up call for NATO’s future Arctic defence efforts?
Any potential ‘Arctic Sentry’ mission would be months in the planning, but with tensions high in the region given the US’s push for Greenland, NATO countries will need to continue to emphasise their commitment to the region, analysts have said.
-
![Venezuela prepares personnel and equipment for a potential second US attack]()
Venezuela prepares personnel and equipment for a potential second US attack
Defence Minister Gen Vladimir Padrino López has declared that the Venezuelan armed forces “will continue to employ all its available capabilities for military defence”.
-
![As the new year starts, the UK defence spending delay continues]()
As the new year starts, the UK defence spending delay continues
The UK’s defence spending commitments remain uncertain as the government’s Defence Investment Plan, which had been due by the end of 2025, is yet to be published.
-
![How might European countries look to tackle drone incursions?]()
How might European countries look to tackle drone incursions?
Disruption of infrastructure in Europe, whether by cyberattack, physical damage to pipelines or uncrewed aerial vehicles flying over major airports, as has happened more recently, is on the rise. What is the most effective way of countering the aerial aspect of this not-so-open warfare?
