METLEN-Thales Alenia Space-Thales Hellas Agreement

Metlen Energy & Metals PLC

12 October 2026

 

PRESS RELEASE

METLEN, Thales Alenia Space and Thales Hellas join forces to support Greece's future defense space ambitions

Athens, Greece / London, United Kingdom – 12 October 2026 – METLEN, a global industrial and energy company, Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), and Thales Hellas today announced the signing of a collaboration agreement to jointly prepare for potential opportunities in the frame of the future Greek defence telecommunications space program.

The cooperation agreement brings together the complementary capabilities of the three companies to support Greece's ambition to enhance its sovereignty, security and strategic autonomy in the space domain, while maximizing contribution from the national industrial ecosystem through technology transfer and skills development, supporting the development of high-value industrial and technological space capabilities in Greece.

Under the agreement, the partners will establish a framework to assess how their respective expertise and industrial assets could contribute to a future end-to-end defence telecommunications space system. Amongst other elements that METLEN will bring to the consortium through its M Technologies, the agreement also envisages the potential use of METLEN's gallium production capabilities in relevant supply chains for future Thales Alenia Space-built satellites delivered globally. This would complement Thales Alenia Space's expertise in secure telecommunications satellites and associated ground infrastructure.

The satellite solution proposed by Thales Alenia Space would rely on a telecommunications platform, recognized at international scale for its reliability, robustness and time-to-market efficiency. Leveraging flight-proven and resilient technologies, such a system could provide Greece with secure, sovereign and jam-resistant communications capabilities, helping strengthen national security and space autonomy.

Notes to editors:

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For further information about METLEN please contact:

• Ms Antigoni Fakou: METLEN Press Office (Athens), Tel. [phone] | Fax [phone] | E-mail: [e-mail]
• Mr Thanasis Gavos: METLEN Press Office (London), Τel. [phone] | E-mail: [e-mail]

About METLEN:

METLEN Energy & Metals Plc (METLEN) is an international industrial and energy Company, holding a leading position in the metals and energy sectors, focused on sustainable growth and the circular economy. METLEN has established itself as a benchmark in competitive “green” metallurgy at both European and global level, operating the only fully integrated bauxite, alumina and primary aluminium production unit in the European Union, with privately owned port facilities. In the Energy Sector, METLEN provides integrated energy solutions through the implementation of thermal and renewable power generation projects, electricity distribution and trading, as well as investments in network infrastructure, battery storage and other green technologies. METLEN operates across five continents and in more than 40 countries, employing over 8,500 people worldwide and implementing a fully synergistic model across its Sectors.

METLEN Financial Highlights

METLEN has its primary listing on the London Stock Exchange and secondary listing on the Athens Stock Exchange and is a constituent of the FTSE 100 Index. In 2025, METLEN reported consolidated revenue of €7.11 billion and EBITDA of €753 million with net profit of €314 million. Adjusted net debt stood at €2.10 billion, with a Net Debt/EBITDA ratio of 3.1x, reflecting strong financial resilience. METLEN is rated by leading international sustainability and ESG agencies, holding the unique Greek position in the Dow Jones Best-in-Class Emerging Market Index, and distinguished across MSCI, Sustainalytics, ISS Quality score, ISS Corporate Score, S&P Global ESG, LSEG, CDP, FTSE Russell, ESG Book, EcoVadis, Bloomberg and IdealRatings.

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About THALES ALENIA SPACE:

Thales Alenia Space leverages a unique combination of skills, technological expertise, and industrial capabilities to deliver innovative solutions for telecommunications, navigation, Earth observation, defense, exploration, science, and orbital infrastructures— drawing on 50 years of proven experience. Institutions, governments, and private industry rely on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere, connections and positioning, monitor our planet, enhance management of its resources, explore our Solar System, and unlock the mysteries of the Universe. Embodied by its Space for Life purpose, Thales Alenia Space sees space as a new horizon, helping build a better and more sustainable life on Earth, and beyond. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the Space Alliance, which offers a complete range of solutions including services. Thales Alenia Space posted consolidated revenues of €2.36 billion in 2025 and has more than 8,000 employees in 7 countries with 14 sites in Europe.  #spaceforlife. www.thalesaleniaspace.com

THALES ALENIA SPACE - PRESS CONTACTS:

Tarik Lahlou  Tel: [phone] [e-mail]

Catherine des Arcis Tel: [phone]  catherine.des [e-mail]

Cinzia Marcanio Tel: [phone] [e-mail]

About Thales:

Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services helps address several major challenges: sovereignty, security, sustainability and inclusion.

The Group allocates €4.5 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, Cybersecurity, Quantum and Cloud technologies. Thales has more than 85,000 employees in 65 countries.

In 2025, the Group generated sales of €22.1 billion

About Thales in GreeceL

Thales has been active in Greece for 50 years, expanding its historic presence in the defense sector to also serve the Air Traffic Management, Transport, and Space markets. Thales is a long-standing partner of the Hellenic Armed Forces, providing avionics and mission systems for Mirage 2000 and Rafale fighter aircraft, as well as large-scale air defense systems for the Hellenic Air Force and Navy. Its tactical radios, optronics systems, and surveillance radars are also used by the Hellenic Army.

Thales has implemented the ACCS system in Larissa with local engineers on behalf of NATO. The company has supplied most of the country’s air traffic control systems and transport solutions. In the space sector, Thales also provides the Hellasat 3 communications satellite, which became operational in 2017. Additionally, Thales is a leader in civil identity and biometric solutions.

In January 2026, the Hellenic Navy received its first Belharra-type frigate, “Kimon”, an FDI HN vessel built by Naval Group and equipped with Thales radar and communications systems.

THALES HELLAS - PRESS CONTACT:

Lynne Scott Walters     Tel: [phone]  [e-mail]

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