Dassault Aviation First-Half Profit Down

July 21, 2016

Dassault Aviation posted lower first-half operating income and revenues, driven in part by pricing pressure on its business jet division.

Dassault reduced its forecast for Falcon business jet deliveries to 50 aircraft from 60 for 2016.

The family-controlled aerospace firm, which also builds Rafale warplanes, said it had concluded discussions aimed at the sale of 36 combat jets to India and was waiting for a final Indian government decision before the deal could be signed.

First-half operating profit fell to EUR€125 million (USD$137.67 million) from EUR€144 million as revenues slipped to EUR€1.662 billion from EUR€1.675 billion.

(Reuters)