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Thales Q2 profit hit by A400M

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Thales Q2 profit hit by A400M

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Thales, Europe’s largest defence electronics firm, has unveiled a deeper-than-expected slide in first-half operating profit down 82 percent.

Among the reasons a fresh 100 million euro hit from the company’s role in the troubled Airbus A400M military transport plane project. And delays of the Boeing 787 Dreamliner also affected Thales. The French firm has backed away from it earlier full year profit forecast.