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Benzinga
Benzinga
Business
Akanksha Bakshi

Dassault CEO Voices Frustration Over Fighter Talks With Airbus: Report

  • Dassault Aviation SA (OTC:DUAVF) expressed frustration over a dispute with partner Airbus SE (OTC:EADSY) about the next phase of work on the European Future Combat Air System (FCAS) fighter project and stated that it was important to establish clear leadership, reported Reuters.
  • FCAS is designed to replace the Eurofighter and Dassault's Rafale with a combination of manned and unmanned aircraft from 2040.
  • "I accept to be leader if I have the leverage to be leader," the report quoted Dassault's Chief Executive Eric Trappier, referring to Dassault's responsibility for the core fighter element of the design.
  • The report added that Dassault and Airbus have been at odds over responsibility for flight controls.
  • "We have made enough efforts," Trappier said, adding talks had been 'difficult' in the face of new demands since September.
  • Defence analysts speculate that differences over FCAS could sink the project and reshuffle industry alliances.
  • Dassault Aviation today reported its FY21 results, with adjusted operating income increasing to €527 million from €261 million in 2020 and adjusted net sales of €7.23 billion versus €5.49 billion the previous year.
  • The company expects to deliver 13 Rafale and 35 Falcon jets in 2022. It anticipates net sales to be down compared to 2021.
  • Price Action: EADSY shares closed at $28.83 on Thursday.
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