"Selling big-ticket items last year was not easy in a very challenging market, but we managed to keep our order books full and sustain a high employment level. That's a significant achievement," stated Paul Kahn, the president and chief executive of the defence company.
As a private firm, Thales did not release further financial metrics about its fiscal year. A customer of Thales Canada is the federal government, which is undertaking cost cutting in the next budget to slash the deficit.
Major contracts of 2011 included the selection of partner Seaspan Marine Corp. for $8 billion worth of shipbuilding contracts in October, and command and control system work with the Department of National Defence and the Canadian Coast Guard, Thales stated.
One of the highlights for its Ottawa operations came after an order from DND for thermal imaging modules and driver vision enhancement equipment, according to a statement from the company.
Thales Canada is headquartered in Montreal but has around 140 employees in Ottawa, according to Ottawa Technology magazine.
The worldwide parent firm, Thales Group, has about 68,000 employees in 50 countries. Major clients of the France-based entity include the French Ministry of Foreign Affairs and the European Space Agency.