Thales Group is a French multinational company that designs, develops and manufactures electrical systems as well as devices and equipment for the aerospace, defence, transportation and security sectors. The company is headquartered in Paris’ business district, La Défense, and its stock is listed on the Euronext Paris. Having been known as Thomson-CSF since its foundation in 1968, the company was rebranded Thales (named after the Greek philosopher Thales and pronounced [talɛs], reflecting its pronunciation in French) in December 2000. A communication audit, launched in the spring that year, highlighted Thomson-CSF’s image deficit, particularly among the young French graduates it is seeking to recruit. The wish to liven up its image as well as the expansion of its business worldwide were cited among the reasons for the change.Thales is partially owned by the French government and operates in more than 56 countries. It had 80,000 employees and generated €18.4 billion in revenues in 2019. As of 2017, it is also the 8th largest defence contractor in the world with 55% of its total sales being military sales. The CEO of Thales Group is Patrice Caine since December 2014.