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DASSAULT AVIATION

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Real-time Euronext Paris  -  05/20 11:35:11 am EDT
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Dassault Aviation : New support contract for French Mirage 2000s

01/17/2022 | 06:55am EDT

Dassault Aviation thus becomes responsible for maintenance of almost all the equipment on the B/C, -5 and D versions of the Mirage 2000 (including those which have undergone a mid-life update, previously covered by some 15 separate contracts, along the same lines as the Rafale and ATL2 verticalized maintenance contracts. The scope covers all electronic systems, in particular those produced by Thales. It also includes enhanced technical and logistics services, including a one-stop logistics center at Luxeuil and Nancy Air Bases, a Dassault Aviation presence in the AIA (Atelier industriel de l'aéronautique - aeronautical industrial workshop) in Clermont-Ferrand, out-sourcing of certain NTI2 workshops and end-of-life management of all equipment in order to optimize maintenance costs.

Concerning management of maintenance activities, all stakeholders will have access to a Mirage 2000 aircraft support management information system derived from the OPTIMAL IS being developed for the Rafale under the RAVEL contract. This digital continuity optimizes the consistency of reference documentation and the fluidity of exchanges, and enables the company to meet its aircraft availability commitments over the long term.

With BALZAC, Dassault Aviation is pursuing its long-term commitment and broadening its scope, with an availability guarantee, on a fixed-price basis, thus giving visibility to the French government and its industrial partners.

This contract will be implemented by an integrated team, which will bring together manufacturers and the Forces, building on the experience that has been developed over more than 40 years on the Mirage 2000 and which has helped to cement the strong bond of trust between Dassault Aviation and the FASF.

With over 10,000 military and civil aircraft (including 2,500 Falcons) delivered in more than 90 countries over the last century, Dassault Aviation has built up expertise recognized worldwide in the design, development, sale and support of all types of aircraft, ranging from the Rafale fighter, to the high-end Falcon family of business jets, military drones and space systems. In 2020, Dassault Aviation reported revenues of €5.5 billion. The company has 12,440 employees.

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Disclaimer

Dassault Aviation SA published this content on 17 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2022 11:54:05 UTC.


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Sales 2022 5 906 M 6 230 M 6 230 M
Net income 2022 562 M 592 M 592 M
Net cash 2022 6 192 M 6 532 M 6 532 M
P/E ratio 2022 22,9x
Yield 2022 1,39%
Capitalization 12 859 M 13 566 M 13 566 M
EV / Sales 2022 1,13x
EV / Sales 2023 0,97x
Nbr of Employees 12 371
Free-Float 27,4%
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Number of Analysts 10
Last Close Price 154,60 €
Average target price 163,60 €
Spread / Average Target 5,82%
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Éric Trappier Chairman & Chief Executive Officer
Denis Dassé Chief Financial Officer
Jean Sass EVP-Information Technology & Chief Digital Officer
Loïk Segalen Chief Operating Officer
Henri Proglio Independent Non-Executive Director
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