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The new joint company Thales and DCN is named Armaris

14 October 2002

The new joint company set up by DCN and Thales has been named Armaris. Its prime objectives are to win new business on the world market for warships and combat systems by bringing together the founding partners' naval prime contracting and commercial resources.

Armaris opened for business on 1 September 2002. Under the leadership of Executive Chairman Pierre Legros and Managing Director Alain Bovis, Armaris aims to (a) become a leading player in European naval prime contracting by proposing global solutions to the challenges facing today's navies, (b) undertake programmes targeting international market needs and/or involving international cooperation, and (c) enter into alliances and partnerships. In quantitative terms, the company expects to achieve annual revenues of one billion euros within four to five years.

To this end, Armaris will act as the commercial arm of DCN and Thales Naval France for international sales of the partners' warships, combat systems and related services.

Armaris will also act as overall prime contractor for programmes undertaken for international client navies and cooperation programmes. It has thus taken over responsibility for France's contribution to the Franco-Italian Horizon frigate programme. In fact, DCN and Thales teams have been working together on this project for some time. The French government may also entrust to Armaris national programmes likely to attract international sales.

The parent companies DCN and Thales will continue to own and manage their own facilities and shipyards, including those on which Armaris will be directly dependent to conduct programmes under its responsibility.

Armaris is a public limited company (société anonyme under French law) managed by a supervisory board and an executive board with equal representation by both partners. Thales Naval France and DCN Développement each hold a 50% interest in Armaris.

Press contacts :
Thales - Christelle de Beaucorps - Tel: +33 (0)1 53 77 85 13
Armaris - Ms Nadia Laurent - Tel: +33 (0)1 41 08 21 73
DCN - Ms Nicole Lacube - Tel: +33 (0)1 40 59 56 07