The company’s Airborne systems and C4ISR systems segment recorded majority of revenues in FY22.

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The company’s Vehicle Systems and Weapon and Ammunition divisions recorded increased consolidated sales.

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The company’s backlog totalled €37.506bn and its book-to-bill ratio was approximately 1.2.

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For its Defense and Security business, Thales is planning to ‘ramp-up’ recruitment and supply chains to boost sales in FY23.

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For 2023, the company has forecasted an increase of 3% to 5% in sales and a 4% to 6% rise in underlying EPS.

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The company recorded a 15% increase in new orders to $2.9bn, and a 19% rise in backlog.

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The company expects full year 2023 revenue to be at least €23bn.

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The company has attributed the increase to a higher number of deliveries and strengthening of the US dollar.

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The company’s backlog totalled $6.8bn as of 31 December.

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The company expects fiscal year 2023 revenues to be in the range of $14.7bn to $15.1bn.

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