(A Corner of the Thales Exhibition Booth at Airshow China 2016)
Thales aims to double the group's business in China during the next five years and take advantage of the booming aerospace sector. Thales Group has its headquarters in La Defense, a business district in Paris, France, and employs 64,000 staff worldwide, including 25,000 engineers, and research and development specialists, in 56 countries.
With a business portfolio which includes aerospace, defence, security and space, the French company is a major league player.
"More than 17,000 of our employees are working on systems and software engineering," said Caine, chairman and CEO of Thales. "We are known for electronic equipment, but our real added-value is in systems and software."
In the first half of this year, the group's intake of orders increased 10 percent to 6 billion euros ($7.05 billion) compared to the same period in 2016.
Sales jumped 5.9 precent to 7.24 billion euros during the same period, while adjusted net income climbed 15 percent to 424 million euros.
"At the end of June, Thales once again confirmed its growth momentum, with a solid order intake and a 5.9 percent organic sales growth, ahead of the full year target," Caine told the groups' website.
The results reflected the strength in Thales' four core digital technologies of connectivity, data analytics, artificial intelligence and cybersecurity.