---

Alias: ["Thales", "Thalès SA", "TCFP.PA"]
Tag: ["Wealth", "Investment", "Equity", "Industrial", "Manufacturer", "StrategicAssets"]
Date: 2021-08-17
DocType: "Investment"
Hierarchy: "NonRoot"
TimeStamp: 2021-08-17
location: [48.8915577,2.2458169]
Investment:
 Type: "Equity"
 Style: "Carry"
 Stage: "Mature"
 Ccy: EUR
Trading:
 PDate: 2021-05-03
 PPrice: 84.84

---

Parent:: [[Equity Investments|Equity Investment]]

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```button
name Edit Investment parameters
type command
action MetaEdit: Run MetaEdit
id EditMetaData
```
^button-ThalesInvEdit

```button
name Save
type command
action Save current file
id Save
```
^button-ThalesInvSave

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# Thalès

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Airplane and broader flying stock manufacturer, based in France. Operates in a bi-polar industry with high barriers to entry.

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```toc
style: number
```

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### Investment thesis

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```ad-abstract
title: Summary
collapse: open
Moving away from Defence only, Thalès has incorporated Gemalto (chip maker) and further diversifies in cybersecurity and Blockchain to capture the essence of the 21st century and remain a company fully integrated with strategic goals of governments, its primary client base.
```

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### Risk profile

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<mark class="green">Low risk</mark>
Diversified underlying portfolio of products and services to the benefits of public and para-public bodies across the globe. The firm has taken the turn of Web3.0 and seems on a steady growth trajectory.

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### News & corporate activity

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#### Current pipeline

Currently, Airbus' pipeline in a nutshell:
-  <mark style="background:grey">New activity</mark>: Digital ID with CNIS in France and Blockchain technology to secure and simplify online identification

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#### Innovation

N/A

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### Further steps

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Further steps are captured in the [[Equity Tasks|Equity task list]]

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