23:48 GMT +3 hours27 November 2014
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Rosoboronexport, Thales sign cooperation memorandum

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Russia's state arms exporter Rosoboronexport and France's Thales Group agreed on Friday to market jointly-developed naval equipment internationally.

ST. PETERSBURG, June 26 (RIA Novosti) - Russia's state arms exporter Rosoboronexport and France's Thales Group agreed on Friday to market jointly-developed naval equipment internationally.

"Today, Rosoboronexport and the Thales company signed at the International Naval Show in St. Petersburg a memorandum on cooperation in the sphere of naval equipment," said Mikhail Bychkov, a Rosoboronexport official.

With operations in 50 countries and 68,000 employees, Thales is a world leader in information systems for the aerospace, defense and security markets.

Bychkov said the deal would create opportunities for combining the export potential of both companies to promote future projects, including Russian-built Project 20382 Tiger class corvettes equipped with electronics manufactured by Thales.

In June 2007, Rosoboronexport and Indonesia signed an agreement on the construction of two Project 20382 vessels for the Indonesian navy.