Thales (THLEF.PK), a provider of aerospace and military systems, Wednesday said it has signed a Memorandum of Understanding (MoU) to acquire RTX's stake in Thales Raytheon Systems Air and Missile Defense Command and Control SAS (TRS AMDC2), a 50-50 joint venture between Thales and RTX Corp.
TRS AMDC2 specializes in air and missile defense command and control systems, including the development of NATO's Air Command and Control System (ACCS).
The proposed acquisition is expected to be finalised this year.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.