Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Dassault Aviation    AM   FR0000121725

DASSAULT AVIATION

(AM)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Lockheed Martin says F-35 cost cuts a year ahead of plan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/13/2019 | 05:00am EDT
FILE PHOTO: Israeli Air Force F-35 flies during an aerial demonstration at a graduation ceremony for Israeli air force pilots at the Hatzerim air base in southern Israel

HELSINKI (Reuters) - Lockheed Martin is a year ahead of schedule with its plan to cut the cost of its F-35 A fighter jet variant to $80 million by 2020, the U.S. company said on Thursday.

"We have beaten the goal by a full year," Lockheed Martin campaign manager Mark Pranke told a news conference in Helsinki, where the company is seeking a deal worth an estimated 7-10 billion euros (£6.2 - £8.9 billion) to replace Finland's ageing 64 Hornet fighter jets.

Finland's new centre-left government said last week it would pick new fighter jets in 2021 from five shortlisted options, including U.S.-based Boeing's F/A-18 Super Hornet, French firm Dassault's Rafale, the Eurofighter Typhoon and Swedish firm Saab's Jas Gripen, as well as the F-35.

The new jets are considered crucial for the defence capability of the Nordic country, which shares an 833-mile (1,340 km) border and a difficult history with Russia but has opted to stay out of NATO.

However, their purchase is also a costly move for the small nation, representing about 15% of the government's annual budget of 55.5 billion euros ($62.7 billion) in 2019.

Lockheed Martin's cost cutting could make its F-35s a more affordable option, but Pranke stressed there were factors other than price to be considered, such as the aircraft's stealth capability, allowing it to evade radar detection.

"In this environment in Finland, where you have threats just across the border, it's not enough just to have an aircraft that meets the price," Pranke told Reuters.

Finland's choice is also about the deal's impact on defence cooperation, which could favour Sweden's Jas Gripen.

Finland has kept the door open to joining the NATO but is unlikely to do so in the near future, with the centre-left government and public opinion against such move.

In its government programme, the centre-left government led by Social Democratic Prime Minister Antti Rinne highlighted the importance of cooperation with neighbouring Sweden.

"Closer defence cooperation between Finland and Sweden, which are militarily non-allied states, offers special opportunities for strengthening the two countries' defence", it said.

(Reporting by Anne Kauranen; Editing by Jane Merriman and Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
BOEING COMPANY (THE) -0.97% 370.21 Delayed Quote.15.30%
DASSAULT AVIATION 0.16% 1244 Real-time Quote.2.64%
LOCKHEED MARTIN CORPORATION 0.37% 361.11 Delayed Quote.37.48%
SAAB AB 0.10% 298.7 Delayed Quote.-3.05%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DASSAULT AVIATION
06/21DASSAULT AVIATION : Sarkissian expects Armenia to have joint research center wit..
AQ
06/19Electric planes start small as industry wrestles with emissions
RE
06/18GLOBAL MARKETS LIVE : Boeing, Google, Sotheby’s, Naspers…
06/18Aviation Giants Commit to Boosting Industry Sustainability
DJ
06/18DASSAULT AVIATION : The Sustainability of Aviation. A Statement by the Chief Tec..
GL
06/17France warns new European drone must be competitive on price
RE
06/17Spain joins France and Germany in race to build Europe's next combat jet
RE
06/17PRESS RELEASE "INDUSTRIAL AGREEMENT, : Dassault Aviation and Airbus achieve next..
PU
06/17Spain joins France and Germany in race to build Europe's next combat jet
RE
06/17Airbus, Dassault Aviation Submit FCAS Proposal to France and Germany
DJ
More news
Financials (€)
Sales 2019 6 743 M
EBIT 2019 568 M
Net income 2019 647 M
Finance 2019 3 646 M
Yield 2019 1,78%
P/E ratio 2019 15,20
P/E ratio 2020 14,83
EV / Sales 2019 0,99x
EV / Sales 2020 1,11x
Capitalization 10 323 M
Chart DASSAULT AVIATION
Duration : Period :
Dassault Aviation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DASSAULT AVIATION
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 1 688 €
Spread / Average Target 36%
EPS Revisions
Managers
NameTitle
Éric Trappier Chairman & Chief Executive Officer
Loïk Segalen Chief Operating Officer
Denis Dassé Chief Financial Officer
Didier Gondoin General Manager-Technical
Henri Proglio Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
DASSAULT AVIATION2.64%10 485
BOEING COMPANY (THE)15.30%190 670
AIRBUS SE46.81%102 580
TEXTRON12.87%10 779
AVICHINA INDUSTRY & TECHNOLOGY CO LTD-11.34%3 607
AVIC ELECTROMECHANICAL SYSTEMS CO LTD--.--%3 574