Thales Australia stories
The non-binding deal could help the smaller virtual training specialist reach larger defence programmes as Australia pushes sovereign capability.
The MediSecure cyberattack, involving stolen data posted on a Russian hacking forum, has highlighted critical vulnerabilities in Australia's healthcare sector amid a rising wave of cyber threats.
In the aftermath of a cyber security breach at MediSecure, Tesserent, linked to Thales Australia, advises firms to rigorously evaluate third-party supplier risks.
Defence training demand helped lift annual revenue 43% to AUD $20 million, while xReality Group cut its net loss to AUD $0.1 million.
A first European contract and stronger US demand lifted annual recurring revenue to AUD $8 million as xReality broadened its defence training reach.
Thales Australia has appointed Duncan Lewis AO DSC CSC, former Secretary of Defence and Director-General of ASIO as Chair of its Board.