EURENCO and Thales Forge Strategic Partnership to Enhance Defense Supply Chains at EUROSATORY 2024

EURENCO and Thales Forge Strategic Partnership to Enhance Defense Supply Chains at EUROSATORY 2024

(IN BRIEF) EURENCO and Thales have announced a strategic partnership at EUROSATORY 2024 to enhance their supply chains for critical energy materials and components. This agreement ensures a secure procurement of materials such as powders and explosives essential for guided and unguided munitions production. Both companies aim to strengthen their capabilities in serving global defense needs, emphasizing mutual trust and commitment to innovation amidst evolving security challenges.

(PRESS RELEASE) PARIS, 18-Jun-2024 — /EuropaWire/ — At EUROSATORY, held at Parc des Expositions Paris-Villepinte on June 18, 2024, EURENCO and Thales announced a deepened collaboration through a strategic partnership agreement aimed at bolstering their supply chains for critical energy materials and components. This agreement solidifies a commitment to procure and supply agreed volumes of essential materials over a period exceeding five years.

Under this strategic alliance:

• Thales gains the capability to procure powders and specialized compositions from EURENCO, crucial for propelling both guided and unguided munitions.
• EURENCO secures access to trinitrotoluene (TNT) and hexogen explosive (RDX) from Thales, addressing the increasing demands of the high-performance explosives market.

The partnership also establishes a framework for identifying and pursuing mutually beneficial opportunities.

Thierry FRANCOU, CEO of EURENCO, emphasized the significance of this collaboration: “This alliance marks a significant milestone for both EURENCO and Thales. It underscores our mutual confidence and commitment to meeting the evolving needs of global defense and our customers’ expectations amidst emerging threats.”

Alexis Morel, Vice President Operations for Thales’ Land and Air Systems, added: “The strategic agreement between EURENCO and Thales, which has been in development over several months, ensures the security of our respective supply chains. Leveraging the synergies in our energetic material production across Europe and globally, this agreement allows Thales to assure our customers of our ability to support their sovereignty programs in guided and unguided munitions.”

This partnership between EURENCO and Thales is set to enhance their operational capabilities and reinforce their positions in the defense sector, ensuring continued innovation and reliable supply for critical defense technologies.

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.

Media Contact:

Camille Heck
Thales, Media Relations Land & Naval Defence
+33 (0)6 73 78 33 63
camille.heck@thalesgroup.com

SOURCE: Thales