French aircraft manufacturer, Dassault is hoping that a forthcoming signing of a contract with India to sell 36 Rafale aircraft would boost its revenue for the financial year 2016.
Dassault published on July 21, interim results for the first six months of 2016. Consolidated order intake in the first half of 2016 amounted to EUR 1.3 billion, compared to EUR 4.3 billion in the first half of 2015, which was marked by the Egyptian order for 24 Rafale fighters. Exports accounted for 64% compared to 95% in the first half of 2015
The company reduced its forecast for Falcon jet deliveries from 60 to 50 aircraft over 2016, and anticipates a slight decline in its sales annual sales compared to 2015 which it attributed to unfavourable business climate in Europe and elsewhere. "We are just a mirror of the macro-economy, or global growth slows. It is moving towards a low level for some time," said Trappier.
Following the Egypt and Qatar deals, Dassault is looking for a third Rafale deal worth an approximate EUR 7.89 billion with India which will help it boost the financial year order intake. We have done 99.9% of the work, in fact 100%. The ball is in the Indian camp," Dassault CEO Eric Trappier told the French Media indicating that they (French government) has done everything it can do about the deal (price, offsets, industrial partnerships) and it was up to India to take it or leave it.
However, reports from India suggest that the Rafale deal is nowhere near closure. Last week, Indian defence minister Manohar Parrikar said, the Inter Government Agreement (IGA) and the offset contract for the multi-million euro Rafale fighter jet deal is yet to be finalised. Details including transfer of technology through offsets will emerge after the negotiations are completed.
“The negotiations are underway and IGA and offset contract are yet to be finalized,” he said.
Dassault Aviations nEUROn unmanned combat air vehicle demonstrator was presented for the first time at an air show at Istres organized by the French Air Force. The presentation, which was carried out by the Dassault Aviation flight test center, lasted about 15 minutes
France has “greatly” lowered the price of the Rafale fighter jet for India and all requirements (concerning technical, financial and offsets) have been met, CEO of Dassault Aviation, Eric Trappier said today. In an interview to French publication Les Echos, Trappier said that we (meaning the French government which is negotiating the government-to-government deal) are ready to enter at any time (to sign the contract) since the ball in the camp of the Indian government
Dassault Aviation has said that it may decrease production of the Rafale aircraft if the deal to sell 36 aircraft to India does not materialize this year. “The ball is not in my court, ball is in hands of the Indian authorities”, Eric Trappier, CEO of Dassault Aviation was quoted as saying at the EBACE business aircraft show in Geneva yesterday
Indias cabinet last night okayed the Dassault Rafale fighter jet contract signing which the French Defence Minister Le Drian is expected to witness together with his Indian counterpart, Manohar Parrikar on Friday. The Euro 7
India has started work on new Inter-governmental agreement (IGA) with France, following the finalization of 7.3 billion Euros (US$8
The Indian defense ministry has cleared the multi-billion euro deal to purchase 36 Rafale fighters and has sent the file to the Prime Ministers office for final clearance. The Council had last month reviewed the deal and directed the Indian negotiating team to submit its report "expeditiously"
The Indian Defense Acquisition Council (DAC) chaired by Defence Minister Manohar Parrikar, is likely to meet on August 18 to take up the final report submitted by the team negotiating the Rafale fighter jet deal with France. The Council had last month reviewed the multi-billion Euro Rafale deal and directed the Indian negotiating team to submit its report "expeditiously"
The French defense procurement agency (DGA) recently awarded Dassault a contract for mid-life upgrade (MLU) of its Mirage 2000D fighters which looks similar to the upgrade program carried on the Indian Air Force (IAF) Mirage 2000 Fighters. Under the DGA contract, the aircraft will be upgraded with new automatic cannon, MBDA MICA IR short and medium range air to air missile replacing the existing MBDA Magic 550 besides improved avionics
The Indian Air Force is considering a penalty clause for defense firms in case there is a qualitative and quantitative discrepancy in supplies of goods and services. "We are very strongly considering a green-channel procedure for dealing with established vendors and are considering very seriously with the government for doing away with any kind of inspection in between, it will only be self-certification and there would be a penalty clause in case there is a qualitative or quantitative discrepancy in the supplies," Air Vice Marshal M Baladitya told reporters during an event, '10th public procurement summit on enhancing transparency, efficiency...
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