ales announces new capital investments and job grow in the State of Florida

11.07.2016 Farnborough

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Key Points

Thales will commit to a greater than $20 million capital investment in Florida

Thales will commit to targeting 500 net-new jobs in Florida

The growth is projected to occur by the end of 2020

Thales is pleased to announce a significant economic growth initiative in the State of Florida. This includes the targeted creation of 500 net-new jobs and a capital investment of greater than $20 million in the state over the next five years.

This supports the growth of the Thales InFlyt Experience business in central-Florida with the development of a 100-120 thousand sq. ft. facility in Brevard County and future expansion mandates for facilities in Orlando. Florida is the best place in the nation for aerospace and aviation companies to grow and succeed. It is great to announce that Thales chose Florida to expand and create 500 new jobs on our Space Coast at the Farnborough International Air Show today. I look forward to seeing their continued success, said Florida Governor Rick Scott.

Thanks to the leadership of Governor Scott and other state and local officials, we are pleased to be able to further expand our competitive footprint in Florida. The state's pro-business agenda is helping to enable our targeted growth.

Alan Pellegrini, President and CEO, Thales USA

Thales' constant investment in research and development (R&D) activities demands a sophisticated workforce. This local growth plan will help Thales further enhance its workforce to meet the R&D demands of a highly competitive technology-driven business environment. Together with a smart capital investment plan Thales will strengthen its R&D activities in the state to further develop cutting-edge passenger experience capabilities for today's flying public.

Thales maintains a strong focus on the U.S. for the company's global growth agenda and its historical investment record in the State of Florida is evidence of this long-term commitment to growth.

Announced earlier this year, Thales' Plantation, Fla. based cybersecurity business successfully completed the acquisition of silicon-valley based Vormetric Solutions to enhance and expand its data protection and encryption offering. In 2014, Thales acquired a Florida-based in-flight connectivity company, marking the first major expansion of its InFlyt Experience business in the state.

Thales is proud to work with collaborative partners, such as the State of Florida, that help the company support a pro-growth agenda and drive digitally transformative technologies for is customers.

Notes to editors

Thales InFlyt Experience is targeting 500 net-new jobs between Brevard County and Orlando by the end of 2020.

Thales InFlyt Experience is a global business that develops inflight entertainment, connectivity, revenue and content services and other solutions that improve the experience for airlines and passengers.

Thales InFlyt Experience is headquartered in Irvine, Calif.

About Thales

Thales is a global technology leader for the Aerospace, Transport, Defense and Security markets. With 62,000 employees in 56 countries, Thales reported sales of $15.5 billion in 2015. With over 22,000 engineers and researchers, Thales has a unique capability to design and deploy equipment, systems and services to meet the most complex security requirements. Its exceptional international footprint allows it to work closely with its customers all over the world.

For more than 100 years, Thales has conducted significant research and development, manufacturing and service capabilities in the U.S. Today, Thales is present in 13 states operating 23 different facilities. Working closely with U.S. customers and local partners, Thales is able to meet the most complex requirements for every operating environment.

LINK:	https://www.thalesgroup.com/en/worldwide/press-release/thales-announce...
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