Thales Enters Advanced Talks to Buy RTX's Stake in Air Defense JV

Dow Jones07-16

By Cristina Gallardo

Thales entered advanced talks with U.S. defense contractor RTX to buy its stake in a French joint venture that produces air and missile defense-command and control systems.

The two companies signed a memorandum of understanding and will consult with unions on the proposed acquisition of RTX's stake in the joint venture, known as Tales Raytheon Systems Air and Missile Defense Command and Control SAS (TRS AMDC2), Thales said Wednesday.

The transaction is expected to be completed before the end of 2025, it added.

The move comes amid Europe's greater interest in bolstering its air defense, which have shown crucial in Ukraine's war against Russian occupation.

Write to Cristina Gallardo at cristina.gallardo@wsj.com

(END) Dow Jones Newswires

July 16, 2025 06:04 ET (10:04 GMT)

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