Latest news with #DassaultAviation
Bloomberg
2 hours ago
- Business
- Bloomberg
Stock Movers: UniCredit, Dessault, SAP
On this episode of Stock Movers: - UniCredit SpA raised its outlook for full-year profit and shareholder distributions, giving a boost to Chief Executive Officer Andrea Orcel after the failed bid for rival Banco BPM SpA. The Milan-based lender on Wednesday lifted its guidance for profit this year to about €10.5 billion ($12.3 billion), from more than €9.3 billion previously, and said it would reach at least €11 billion by 2027. It plans to return at least €9.5 billion to shareholders in 2025. UniCredit shares rose 3.1% at 9:18 a.m. in Milan, bringing gains this year to 56%. - Dassault Aviation shares drop as much as 7%, the most since mid-May, after its first-half sales and profit missed expectations, with the French airplane maker's private jet unit affected by supply chain issues and the threat of tariffs. Bernstein says that with the stock having recently been near record highs, the market reaction may be 'amplified.' - SAP SE shares fell after the German software company flagged tariff insecurities and currency fluctuations as a concern even as cloud revenue posted solid growth. Cloud and software revenue increased 11% to €7.97 billion ($9.4 billion) in the period ended June 30, the Walldorf, Germany-based company said Tuesday in a statement. That missed analysts' average estimate of €7.99 billion, according to data compiled by Bloomberg. SAP shares fell 3.7% to €249.80 at 9:19 a.m. in Frankfurt on Wednesday.
Euractiv
2 hours ago
- Business
- Euractiv
Belgium can't buy American F-35s and still join Europe's FCAS fighter jet programme, says French aviation chief
The Belgian government can't expect to join France, Germany and Spain in developing Europe's Future Combat Air System (FCAS) project if it buys America-made F-35 fighter jets, the CEO of Dassault Aviation, Éric Trappier, said on Tuesday. Speaking at the company's quarterly financial results event, the chief of the FCAS programme's major contractor said a commitment to buying locally-produced defence gear was a major criteria for joining the fighter jet programme. "If [Belgium] gives up the idea of buying F-35s, they'd be welcome, if they are not, then that's really making a monkey out of us," the French aviation executive said. On Friday, the Belgian government gave the green light to a plan to participate in the French-German-Spanish FCAS programme, while setting out plans for an airforce flying both the F-35, a 5th generation fighter jet from the US, and the FCAS jet which should only be ready by 2040. Trappier sees Belgium's plan to request full FCAS membership as incoherent, stating that the Belgians would want to benefit from the jobs created from the programme work "but will buy from the US". Addressing recent speculation about the state of negotiations between Paris and Berlin over the project, Trappier also denied that France was demanding the majority of the work share for the 6th generation FCAS fighter jet programme. 'We're not requesting 80% of the work,' Trappier said. German Chancellor Friedrich Merz, who recently acknowledged discord with Paris over FCAS, is set to meet his French counterpart Emmanuel Macron on Wednesday in Berlin, while their defence ministers meet a day later. (jp)
Bloomberg
2 hours ago
- Politics
- Bloomberg
Merz, Macron to Discuss Fighter Jet Leadership
00:00 German Chancellor Friedrich Merz and French President Emmanuel Macron are set to meet in Berlin to address escalating tensions over the Future Combat Air System jet program. The dispute centers on a leadership tussle between the two main defense contractors, France's Dassault Aviation and Airbus. Let's talk to Bloomberg's Benedict Kammel, who leads our global aviation coverage. What then, Benny, is this dispute all about? Well, it's really between Airbus on the one side, which sort of broadly represent the German side. And on the other side, you have Dassault representing the French side. And the question really is who is going to lead this program? They did have an agreement saying we want it to be broadly equal as a third company in this Indra, of Spain. So the idea was let's have sort of equal share of this program, the future aircraft combat system. So but then Dassault came out and said we would like to have a leadership role in this. The reason being we make the Rafale fighter jet. We know a thing or two about building these. We should really be in control. We can't be some sort of a happy socialist union here. We need to have one party in control, and that's us. That obviously didn't sit well with Airbus. All of this broke into the open last month at the Paris Air Show. So you had Airbus on the one side saying, why are we relitigating this whole issue? We thought we'd had an agreement. This is really tiring. Then on the other side, you had Dassault coming out and saying, well, this is the way it should be. Take it our way, or we might even walk away from the whole program. So this is where we're at right now. So you're bringing the adults in, as it were, you bringing in the political leadership and saying, guys, you need to sort this out, you need to sort this out. It's Europe at stake. It's one of the key programs at stake. And hopefully today and in the next couple of weeks, they will find some kind of an agreement.
The Print
3 hours ago
- Business
- The Print
Indian firm sets up titanium, superalloy plants to meet global need. Safran, Dassault, BAE line up
The company, which is investing close to Rs 1,000 crore, has already started supplying titanium parts to BAE Systems for its M-777 ultra-lightweight howitzers that India also uses. Titanium and superalloys, which are nickel and cobalt-based, are used for defence manufacturing. Superalloys are used for high temperature scenarios, like in aero engines. Lucknow: Spread over 50 acres in the Uttar Pradesh Defence Industrial Corridor, India's PTC Industries is setting up four manufacturing plants focused purely on titanium and superalloy production to meet not just India's defence demand but global need. Other top global vendors like Israeli Aerospace Industries (IAI), Safran and Dassault Aviation have already signed long-term contracts with the Indian firm. 'We believe in the motto of Make in India for India and the world. The deal with Safran is not just for defence engines but their civil ones. We have signed a contract with Dassault Aviation. All the titanium casting that goes on Rafale (aircraft) will one day be ours,' Sachin Agarwal, Chairman and Managing Director of PTC Industries, told ThePrint. Explaining why foreign companies are coming to him, he said that titanium is made globally by a limited number of countries. 'If you leave China, out of the close to 170,000 tonnes of titanium manufacturing in the world, Russia produces 60,000-70,000 tonnes, which is 30-40 percent of global numbers,' he explained. Sachin added that the global supply chain has been hit due to the Russia-Ukraine war and the desire to pull away from China. 'All of Europe and American companies want titanium and superalloys from non-China and non-Russia countries. And this is where India comes into play. It is a god given opportunity. And that is why we are doing it. Nobody in India is doing this and we are the first ones to do so and it holds a lot of scope globally,' Alok Agarwal, Director, Technical and Quality, at the company, told ThePrint. He said that, currently, MIDHANI, a key defence PSU based in Hyderabad, makes titanium but the supply is less. 'We are the only private company in India which makes titanium and superalloys material. MIDHANI does a small quantity compared to what we have planned and are going to do,' Alok added. Explaining further, he said that one of the four PTC plants being set up is a metals factory which is manufacturing titanium and superalloys. 'Then there is a large forging unit which is going to forge the parts, and another facility for making titanium and superalloy parts, and then there is a machining factory coming up which will manufacture parts,' he said. Sachin said that he and his team brainstormed seven-eight years ago and assessed the areas in defence and aerospace that the company should enter. 'We did gap study. We found that there is a certain technological and capability gap. Most of these are primarily related to materials capability and certain core manufacturing capability. Our objective was to put the country on a par when it comes to materials itself.' 'This is our strategic material technology complex where we are covering all material and technological gaps we found, primarily two critical sectors: titanium alloy and superalloy related,' he told ThePrint. Emphasising on criticality, Sachin said that India has a dream to manufacture its own aero engines. 'But we can't make them until we have the capability to make our own superalloys and the components that go into the aero engine,' he added. PTC Industries has acquired a British company that manufactures aero engine blades and other parts. 'The idea is to manufacture everything from base material to high-end aero engine parts,' he said. (Edited by Nida Fatima Siddiqui) Also read: Nod for additional Scorpene submarines still awaited, Navy & Mazagon Dockyard Ltd in limbo
Yahoo
11 hours ago
- Business
- Yahoo
Dassault Aviation H1 earnings rise on Rafale exports
-- Dassault Aviation reported a 12% rise in first-half adjusted sales to 2.85 billion euros, boosted by stronger Rafale export deliveries, though net income slipped due to a French tax surcharge. The French aerospace group delivered seven Rafale fighter jets, including four for export, and 12 Falcon business jets in the period. Order intake surged to 8.1 billion euros from 5.1 billion a year earlier, driven by India's purchase of 26 Rafale Marine jets, the first export contract for the naval variant. Adjusted operating income rose 6% to 180 million euros, though the margin dipped to 6.3% from 6.7%. Adjusted net income fell to 386 million euros from 442 million, weighed by a 67 million euro tax charge. The company's backlog climbed to a record 48.3 billion euros, covering 239 Rafales and 75 Falcons. Dassault reiterated its full-year target for sales to grow to around 6.5 billion euros, assuming 25 Rafale and 40 Falcon deliveries. It warned, however, that U.S.-EU tariff talks could affect its Falcon business. Available cash rose to 9.5 billion euros from 8.4 billion at year-end. Related articles Dassault Aviation H1 earnings rise on Rafale exports These Under-the-Radar Stocks Offer Better Risk-Reward Ratio Than Nvidia If Powell goes, does Fed trust go with him? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
