[1/2]The logo of Thales Group is seen during a visit at the Thales radar factory in Limours, France, February 1, 2023. REUTERS/Gonzalo Fuentes
July 12 (Reuters) – French defence and technology group Thales (TCFP.PA) said on Wednesday it was in exclusive talks to buy aerospace supplier Cobham Aerospace Communications for $1.1 billion, pushing Thales shares up more than 3% as it bets on connected cockpits.
The world’s third-largest producer of avionics for civil jetliners said the all-cash acquisition would boost its sales growth and operating profitability and put it in a position to take advantage of steady demand for secured connectivity.
Paris-based Cobham Aerospace Communications makes antennas and communication systems and is expected to generate about $200 million in revenue in 2023, Thales said in a statement.
Its products include satellite and digital radio systems on the…
