Thales Alenia Space Leads French DESIR Space Radar Mission
Thales Alenia Space has been selected by CNES and DGA to develop the radar payload and the user ground segment for the DESIR mission, a program aimed at providing France with sovereign space radar imaging capability. The project involves a consortium that also includes Loft Orbital and TEKEVER France.
The DESIR program aims to develop a sovereign French capability for space radar imaging, complementing existing international agreements. Synthetic Aperture Radar (SAR) imaging will enable observation during both day and night, regardless of weather conditions, thus enhancing existing optical observation capabilities.
Consortium and Responsibilities
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
Almost there! Check your inbox.
A confirmation email has been sent. Click the link to confirm your subscription.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
The program includes Thales Alenia Space, Loft Orbital, and TEKEVER France, with the participation of French SMEs. Loft Orbital will be responsible for the satellite and the control ground segment, while TEKEVER France will develop the integrated active antenna in the imager. Thales Alenia Space will leverage its expertise in instruments and Earth observation ground segments.
Program Implementation and Goals
The program is scheduled to begin operations in early 2029, followed by two years of operation to assess the model in terms of meeting sovereign capacity needs. The program is part of DGA and CNES initiatives to promote a more agile defense space sector, particularly through the Space Pact and the Space Trust Circle.
Net income: 2 005 millions d'euros (Résultat Net Ajusté, part du Groupe)
Free cash flow: 2 577 millions d'euros
Net debt: -1 618 millions d'euros
Dividend per share: 3,90 €
Payout ratio: 40 %
Guidance from the release
2025 a été une très bonne année avec des commandes records et une croissance du chiffre d’affaires, démontrant l’excellence opérationnelle du Groupe.
Communiqué indiquant des commandes records, un chiffre d’affaires en hausse et une rentabilité améliorée en 2025, avec des perspectives 2026 positives et un dividende soutenu.
Outlook / guidance
Expected revenue: Entre 23,3 et 23,6 milliards d'euros en 2026
Expected EBITDA: Non précisé publiquement
Expected net income: Non précisé publiquement
Management commentary: Pour 2026, Thales vise un book-to-bill supérieur à 1 et une croissance organique du chiffre d’affaires entre 6 % et 7 %, correspondant à un chiffre d’affaires entre 23,3 et 23,6 milliards d’euros, et une marge d’EBIT Ajusté entre 12,6 % et 12,8 %; le taux de conversion en cash devrait se situer entre 95 % et 100 %.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
