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Thales and Rosoboronexport signed a memorandum of understanding for cooperation in the naval field

29 June 2007

During the IMDS exhibition in St Petersburg, Rosoboronexport, the Federal State Unitary Enterprise, expert in the domain of exportation and importation of military systems and technologies, and Thales, the leading international electronics and systems group, signed a MOU to develop technical, industrial and commercial co-operations between the two groups.

The Memorandum of Understanding, signed by V.A. Pakhomov, Rosoboronexport First Deputy General Director and Jean-Georges Malcor, Senior Vice President of Thales's Naval Division, allows the opening of co-operations in the naval domain.

This agreement will reinforce the partners' potential for technological innovation and competitiveness of their commercial offers thus providing better access to new markets, in particular for export.

"Both our groups have a rich expertise to fulfil navies requirements. With our cooperation, we expect sharing our best know-how to deliver new competitive solutions in the world markets." said Jean-Georges Malcor.

"The cooperation with Western partners in the high-tech sector is very promising for the activities of Rosorobonexport. We know the high quality value of the systems produced by Thales. We are convinced that these partnerships will increase the export opportunities of theses joint developments in the international defence market. " said Vladimir Pakhomov.

About Thales

Thales is a leading international electronics and systems group, addressing defence, aerospace and security markets worldwide. Thales's leading-edge technology is supported by 22 000 R&D engineers who offer a capability unmatched in Europe to develop and deploy field-proven mission-critical information systems. To this end, the group's civil and military businesses develop in parallel and share a common base of technologies to serve a single objective: the security of people, property and nations. The group builds its growth on its unique multi-domestic strategy based on trusted partnerships with national customers and market players, while leveraging its global expertise to support local technology and industrial development. Thales employs 68 000 people in 50 countries with forecast 2007 revenues in excess of € 12 billion.

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