Barakat affair hurts Thales' export opportunities
Thales CEO Patrice Caine's insistence on more stringent compliance has made it harder for the company to close export deals. [...]
Thales is a defense electronics company in aerospace and defense industries. It came into being with the merger of Alcatel, Dassault Electronic and Thomson CSF and inherited the latter company’s naval activity, which it has developed in recent years. Thales now operates in 50 countries and has become a leading player in the defense industry.
Turkmenistan is turning into the epicenter of a hard-fought battle between European and Asian defence groups. The Central Asian country under the authoritarian rule of President Gurbanguly Berdimuhamedov is secretly looking to acquire an optical observation satellite system. [...]
At a little over 30 years old, Mohammed Bin Salman has in a matter of months become Saudi Arabia's strong man. He is the all-powerful Minister of Defence, head of the royal court, director of the Council of Economic and Development Affairs and chairman of the supreme council of Saudi Aramco and has control over all major affairs. [...]