Thales shares are higher Tuesday, as the French defence firm agrees a deal with Microsoft to develop a Defence Cloud solution for the armed forces. The new solution will be based on Microsoft’s Azure Stack platform and be available to armed forces around the world.
By 1230 BST, Thales shares were 0.09% higher at €109.70. The stock has been generally higher in recent weeks. Microsoft shares, meanwhile, ended the US Monday trading session a little lower.
Thales, Microsoft to support digitisation of global armed forces
The agreement between the two firms will help support the digital transformation within the military, the world over.
The armed forces require a secure, cloud-based system whereby they can communicate, collaborate and run operations. However, to create the right platform for their needs is no easy task.
Putting Microsoft’s technological innovations and abilities together with Thales’ experience in the defence and cybersecurity industries, means the end product should provide everything the military requires – and more.
“The resulting system will couple the cloud computing power and functionalities of Azure Stack with Thales’s resilient and robust cybersecurity functionalities, necessary to guarantee the security of all data deemed sensitive and classified by armed forces while reinforcing interoperability and operational excellence,” the two firms said in a press release.
Thales, Microsoft, upbeat on agreement
The deal announced Tuesday has, unsurprisingly, been met with an upbeat response from both businesses.
“We are glad to reinforce our strong relationship with Microsoft through this new venture,” said Thales’ executive VP of strategy, research and technology, Philippe Keryer.
“Together, we will shape this new technological construct perfectly suited to support the evolving security needs of modern armed forces as they accelerate their digital transformation” Keryer added.
Microsoft’s executive VP and President of Microsoft global sales, marketing and operations, Jean-Philippe Courtois, echoed that view:
“We are thrilled to announce our unique partnership with Thales to accelerate digital transformation in the defense sector. Our solution, Microsoft Azure Stack will help armed forces in the analysis of huge volumes of sensitive data in order to make break through developments,” Courtois said.