The French THALES (former THOMSON CSF) and the American RAYTHEON have created a 50-50 joint venture named TRS - THALES RAYTHEON SYSTEMS. Strong with a workforce of 1,300 people, it will be specialised in air defence ground radar, sector in which it will be the world leader with an estimated turnover of between EUR 600 and EUR 750 million for 2001, or 40% of the world market. Each partner will have the majority of the subsidiary in their countries (51%), the remaining 41% of the American and...