Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Dassault Aviation
  6. News
  7. Summary
    AM   FR0014004L86

DASSAULT AVIATION

(AM)
  Report
Real-time Euronext Paris  -  10:26:05 2023-01-27 am EST
156.30 EUR   -0.70%
08:31aEngines & Mro : FAA Certifies PW812D Engine Achieving another Milestone in the Entry into Service of Dassault Falcon 6X Business Jet
AQ
01/26Dassault aviation charity sale for fosa
AQ
01/13Dassault Aviation : Book. “The Air Force in Operation”
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Gulfstream working with FAA to address soot on some private jets

11/29/2022 | 10:02am EST
FILE PHOTO: Gulfstream logo at LABACE in Sao Paulo

(Reuters) - General Dynamics Corp's Gulfstream Aerospace has notified owners of its G500 and G600 jets and the Federal Aviation Administration that it has discovered soot at the rear of some of those business jets, possibly because of the way a small engine vents gas in flight.

The FAA and Gulfstream both said they did not consider the issue to be a safety risk.

Gulfstream told plane owners, in a previously unreported letter to operators of the G500 dated Nov 8 and reviewed by Reuters, that it would have a plan for a fix ready early next year after testing.

"While it is not a safety-of-flight issue, we are working with Gulfstream to ensure the company addresses it," the FAA told Reuters.

In its letter to operators of the G500, a large-cabin jet which entered service in 2018, Gulfstream said it had found soot build up on the inside of the aircraft skin and the frame near the auxiliary power unit (APU) - a small engine at the tail of the plane installed for supplementary power.

The company said in the maintenance letter that in some cases planes would need to have structural components replaced due to "no allowance for localized overheating."

Gulfstream, however, said in the letter the presence of soot was not necessarily "indicative of an overheat condition," but that if components needed to be replaced "additional aircraft downtime may be required."

It was not immediately clear how many planes might require those repairs.

Business jet makers have seen strong demand from wealthy buyers and companies who opted to fly private during the height of COVID-19.

While Gulfstream did not disclose a specific explanation, material from a company presentation and a source familiar with the matter said it's likely due to APU exhaust gases getting pushed through a structural gap and leaving soot deposits.

"We have investigated soot on the G500 and G600 aircraft, believe we know the cause, and are testing and validating our conclusions," Gulfstream said in an emailed statement, adding that the "appearance of soot in and around the APU exhaust is not abnormal."

Savannah, Georgia-based Gulfstream is the market leader by value of deliveries against large-cabin rivals Bombardier of Canada and France's Dassault. Parent General Dynamics has seen its aerospace unit backlog swell to $19.1 billion during the third quarter.

Gulfstream said it did not anticipate any restrictions on the use of the APU, which generates energy for functions like starting power for the main engines.

Gulfstream said it has "notified the FAA and are working collaboratively with them on this issue."

(Reporting By Allison Lampert in Montreal. Editing by Kevin Krolicki in Singapore and Nick Zieminski in New York)

By Allison Lampert


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BOMBARDIER INC. 0.14% 63.68 Delayed Quote.21.66%
DASSAULT AVIATION -0.70% 156.3 Real-time Quote.-0.51%
DASSAULT SYSTÈMES SE -2.38% 33.485 Real-time Quote.2.42%
GENERAL DYNAMICS CORPORATION 0.35% 228.75 Delayed Quote.-8.56%
MSCI SINGAPORE (GDTR) 0.96% 5903.09 Real-time Quote.5.15%
All news about DASSAULT AVIATION
08:31aEngines & Mro : FAA Certifies PW812D Engine Achieving another Milestone in the Entry into ..
AQ
01/26Dassault aviation charity sale for fosa
AQ
01/13Dassault Aviation : Book. “The Air Force in Operation”
PU
01/10Dassault Aviation Restarts Fighter Jet Deliveries to France After Four Years
MT
01/10Dassault Aviation : Resumption of Rafale deliveries to France
PU
01/10Dassault Aviation : Resumption of Rafale deliveries to France
GL
01/04Dassault Aviation : Order intakes, deliveries and backlog in number of new aircraft as of ..
GL
01/02Colombia's plan to replace fighter planes hits a snag
RE
2022Execujet mro services malaysia completes 2c-check on a falcon 2000
AQ
2022Safran - Europe's Future Combat Air System, on the way to the first flight
AQ
More news
Analyst Recommendations on DASSAULT AVIATION
More recommendations
Financials
Sales 2022 6 336 M 6 876 M 6 876 M
Net income 2022 606 M 657 M 657 M
Net cash 2022 6 696 M 7 266 M 7 266 M
P/E ratio 2022 21,7x
Yield 2022 1,52%
Capitalization 13 097 M 14 212 M 14 212 M
EV / Sales 2022 1,01x
EV / Sales 2023 0,91x
Nbr of Employees 12 371
Free-Float 27,4%
Chart DASSAULT AVIATION
Duration : Period :
Dassault Aviation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DASSAULT AVIATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 157,40 €
Average target price 179,90 €
Spread / Average Target 14,3%
EPS Revisions
Managers and Directors
╔ric Trappier Chairman & Chief Executive Officer
Denis DassÚ Chief Financial Officer
Jean Sass EVP-Information Technology & Chief Digital Officer
Lo´k Segalen Chief Operating Officer
Henri Proglio Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
DASSAULT AVIATION-0.51%14 212
BOEING11.65%127 125
AIRBUS SE8.94%103 352
TEXTRON INC.-0.92%15 057
AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED17.38%4 058
AVICOPTER PLC-1.85%3 959