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Dassault Aviation SA (AVMD.PA)

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Latest Key Developments (Source: Significant Developments)

Dassault Aviation Says European MALE RPAS Programme Passes System Preliminary Design Review
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - DASSAULT AVIATION ::THE EUROPEAN MALE RPAS PROGRAMME SUCCESSFULLY PASSED THE SYSTEM PRELIMINARY DESIGN REVIEW AS FINAL MILESTONE OF THE PROGRAMME DEFINITION STUDY.SYSTEM PRELIMINARY DESIGN REVIEW ACHIEVED FOLLOWING LAUNCH OF TENDER FOR DEVELOPMENT, PRODUCTION AND INITIAL IN SERVICE SUPPORT PHASE.AIRBUS DEFENCE AND SPACE GMBH WILL COORDINATE INDUSTRIAL RESPONSE TO INVITATION TO TENDER (ITT).SCHEDULE EXPECTS A CONTRACT SIGNATURE IN 2019.  Full Article

Dassault Aviation And Airbus Join Forces On Future Combat Air System
Wednesday, 25 Apr 2018 

April 25 (Reuters) - DASSAULT AVIATION ::AND AIRBUS JOIN FORCES ON FUTURE COMBAT AIR SYSTEM.LANDMARK AGREEMENT TO DEVELOP AND PRODUCE EUROPE'S NEXT GENERATION COMBAT AIRCRAFT.JOIN FORCES FOR DEVELOPMENT AND PRODUCTION OF EUROPE'S FUTURE COMBAT AIR SYSTEM (FCAS).FCAS TO COMPLEMENT AND EVENTUALLY REPLACE CURRENT GENERATION OF EUROFIGHTER AND RAFALE FIGHTER AIRCRAFT BETWEEN 2035 AND 2040.  Full Article

Dassault Aviation Delivered 49 Falcon And 9 Rafale in 2017
Monday, 8 Jan 2018 

Jan 8 (Reuters) - DASSAULT AVIATION ::REG-DASSAULT AVIATION: ORDER INTAKE, DELIVERIES AND BACKLOG IN UNITS AS OF DECEMBER 31ST, 2017.‍41 FALCON WERE ORDERED IN 2017 AND 3 FALCON 5X WERE CANCELLED​.‍49 NEW FALCON WERE DELIVERED IN 2017, I.E. ABOVE OUR FORECAST OF 45 FALCON DELIVERIES​.‍9 RAFALE (1 TO FRANCE AND 8 TO EGYPT) WERE DELIVERED IN 2017, COMPLIANT WITH OUR FORECAST​.‍DELIVERED TO FRANCE, IN 2017, 1 NAVY RAFALE RETROFITTED TO F3 STANDARD​.‍AS OF DECEMBER 31, 2017, BACKLOG INCLUDES 101 RAFALE AND 52 FALCON​.  Full Article

Meggitt Expects To Have Further Discussions With Dassault Aviation In Coming Weeks
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - MEGGITT PLC ::NOTES ANNOUNCEMENT BY DASSAULT AVIATION OF CANCELLATION OF FALCON 5X PROGRAMME AND LAUNCH OF A NEW FALCON PROGRAMME.DASSAULT HAS INDICATED THAT IT EXPECTS TO RE-USE A MAXIMUM OF WORK UNDERTAKEN TO DATE ON FALCON 5X.DASSAULT INTENDS TO WORK WITH MEGGITT ON SUCCESSOR FALCON PROGRAMME.EXPECTS TO HAVE FURTHER DISCUSSIONS WITH DASSAULT AVIATION IN COMING WEEKS.HAS GOOD CONTENT ON PRATT & WHITNEY PW800 ENGINE ANTICIPATED TO BE USED IN SUCCESSOR AIRCRAFT.REMAINS POSSIBLE THAT CANCELLATION COULD LEAD TO A NON-CASH IMPAIRMENT OF SOME OR ALL OF CAPITALISED WORK UNDERTAKEN TO DATE.CURRENTLY HAS £50 MILLION OF ASSETS RELATING SPECIFICALLY TO 5X PROGRAMME.HAS £11 MILLION OF ASSETS RELATING TO SILVERCREST ENGINE ON ITS BALANCE SHEET.  Full Article

French group Suez says Qatar dredging contract worth 107 mln euros
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Suez ::* Suez says deal signed on Thursday to dredge and clean Qatar lagoon worth around 107 million euros ($126 million).* French President Emmanuel Macron said France and Qatar had signed commercial contracts worth around 12 billion euros in total nP6N1NF024.* Qatar has agreed to buy 12 more Rafale fighter planes from Dassault Aviation , will employ France's Suez to dredge and clean Qatar's lagoon and has retained France's RATP and SNCF to build and operate a metro system in Qatar..  Full Article

Reliance Infrastructure says Dassault Reliance Aerospace been incorporated
Thursday, 16 Feb 2017 

Reliance Infrastructure Ltd : Says Dassault Reliance Aerospace Limited (DRAL) incorporated . Says Eric Trappier to be chairman and Anil Ambani co-chairman of DRAL . Says joint venture company to be held 51% by Reliance and 49% by Dassault Aviation . Says DRAL to lead execution of Rs 30,000 crore offsets for 36 aircraft program . Says DRAL will be a key player in the execution of offset obligations . Will also focus on promoting research and development projects under the IDDM program . Says construction work for the greenfield facility will start in may 2017, and production by end-2017 . DRAL to execute programs in phases, with phase I resulting in generation of more than 700 direct jobs and 2,800 indirect jobs. .Says DRAL has finalized the infrastructure requirements at dhirubhai aerospace park at Mihan, Nagpur.  Full Article

UPDATE 1-India court rejects challenge to Dassault jet deal; win for Modi

* Congress demands parliamentary investigation of deal (Adds details, comments)