Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. France
  4. Euronext Paris
  5. Dassault Aviation
  6. News
  7. Summary
    AM   FR0000121725

DASSAULT AVIATION

(AM)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Shake-up at Airbus as defence and technology chiefs quit

04/12/2021 | 04:04pm EDT
FILE PHOTO: FILE PHOTO: The Airbus logo pictured at the company's headquarters in Blagnac near Toulouse

PARIS (Reuters) -Airbus on Monday announced the biggest shake-up in its top ranks since Chief Executive Guillaume Faury took the helm two years ago, sparked by the departure of two key executives.

The French CEO said the shake-up, reducing its executive committee in size and doing away with the split ownership of technical resources dating back to a former structure driven by European politics, would lead to greater internal cohesion.

Dirk Hoke, head of the Defence & Space division, and Chief Technology Office Grazia Vittadini will both step down on July 1, the company said in a statement.

Hoke, who has been leading efforts to co-develop a European fighter with France's Dassault Aviation, will be replaced in the top defence spot by production chief Michael Schoellhorn, whose role as chief operating officer will be filled by military aircraft boss Alberto Gutierrez.

Hoke and Vittadini are both leaving to pursue opportunities outside the aerospace group, Airbus said without elaborating.

The move comes days after Airbus and Dassault Aviation reached a critical deal after weeks of tense discussions over the share of work on the Future Combat Air System - a Franco-German-Spanish fighter project.

The deal still faces political uncertainty in a German election year and national differences over technology rights, but is seen as a milestone for Europe's largest defence project.

One person familiar with the matter said Hoke, an ex-autos executive once seen as a potential CEO, had been in discussions over his departure for some months. Faury's three-year term expires next year but there are no indications that he plans to step down, having steered Airbus through the COVID-19 pandemic.

TECHNOLOGY STREAMLINED

Airbus is also merging technology and engineering as a result of a cascade of changes resulting from the departures, putting long-term and current research under one roof.

The military aircraft unit will be run by Jean-Brice Dumont, whose current job as head of engineering will be merged with Vittadini's technology role under a single new engineering boss, Sabine Klauke, who moves from defence to the wider role.

Previously, engineering functions had been split between two positions on the top management committee in a throwback to a disjointed structure abandoned in 2013, leading to what several sources described as turf battles over resources.

Airbus - once a notorious battleground for Franco-German political and economic divisions - said the shake-up would lead to deeper co-operation between its various activities.

Although passports no longer dictate hiring policy, the shake-up remains carefully balanced, with one fewer French seat on the top committee but France awarded greater visibility over the Airbus portion of FCAS. Airbus is officially linked with Germany and Spain on FCAS, while Dassault represents France.

(Additional reporting by Sabine Siebold; Editing by David Evans, Mark Potter and Dan Grebler)

By Tim Hepher


© Reuters 2021
All news about DASSAULT AVIATION
05/07DASSAULT AVIATION  : Second Falcon 6X Makes Successful First Flight
AQ
05/07DASSAULT AVIATION  : Launches Falcon 10X, featuring Industry's Largest Cabin and..
AQ
05/06HEROUX DEVTEK  : Awarded Life-Cycle Contract For New Dassault Aviation Falcon 10..
MT
05/06Dassault launches 10X 'flying penthouse' jet, yours for $75 million
RE
05/06Dassault launches 10X 'flying penthouse' jet, yours for $75 million
RE
05/06DASSAULT AVIATION  : Unveils New Business Jet Falcon 10X
MT
05/06DASSAULT AVIATION  : Press Release "Dassault Aviation Launches Falcon 10X, featu..
PU
05/06DASSAULT AVIATION  : Launches Falcon 10X, featuring Industry's Largest Cabin and..
GL
05/05MARKET CHATTER : Dassault Aviation, Airbus, Indra To Develop New European Fighte..
MT
05/05DASSAULT AVIATION  : Aircraft Stories – Volumes 1 and 2
PU
More news
Financials
Sales 2021 6 858 M 8 341 M 8 341 M
Net income 2021 470 M 571 M 571 M
Net cash 2021 3 302 M 4 016 M 4 016 M
P/E ratio 2021 16,4x
Yield 2021 1,75%
Capitalization 8 037 M 9 768 M 9 775 M
EV / Sales 2021 0,69x
EV / Sales 2022 0,91x
Nbr of Employees 12 441
Free-Float 26,9%
Chart DASSAULT AVIATION
Duration : Period :
Dassault Aviation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends DASSAULT AVIATION
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 1 164,08 €
Last Close Price 966,50 €
Spread / Highest target 65,5%
Spread / Average Target 20,4%
Spread / Lowest Target 0,36%
EPS Revisions
Managers and Directors
NameTitle
Éric Trappier Chairman & Chief Executive Officer
Denis Dassé Chief Financial Officer
Jean Sass EVP-Information Technology & Chief Digital Officer
Loïk Segalen Chief Operating Officer
Henri Proglio Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
DASSAULT AVIATION7.75%9 768
THE BOEING COMPANY10.00%137 705
AIRBUS SE9.57%93 697
TEXTRON INC.40.86%15 366
AVIC ELECTROMECHANICAL SYSTEMS CO.,LTD.-14.06%5 908
AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED-9.43%4 865