Dassault Sees Higher Deliveries, Lower Revenue In 2016

Dassault Aviation expects to deliver more Falcon business jets to customers this year after missing its target for 2015, but forecast a decline in full-year revenue.

The company delivered 55 Falcons last year, short of its target of 65. Orders fell by half to 45, but it is targeting around 60 deliveries this year.

Despite expectations for higher deliveries this year, Dassault said revenue would fall after 2015 was boosted by a contract to upgrade Mirage 2000 jets for India.

"We will… need to increase our flexibility in order to improve our responsiveness to changes in the market, which is more and more unpredictable in an increasingly uncertain world," Dassault said in a statement.

Dassault said it expected some cancellations for its future Falcon 5X after a three-year delay in engine certification because of difficulties in the development of the SilverCrest power plant led it to push back first deliveries to 2020.