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DASSAULT AVIATION SA

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Dassault Aviation : Greece, France to sign deal on purchase of Rafale fighter jets within days

12/15/2020 | 01:01pm EST

ATHENS, Dec 15 (Reuters) - Greece will sign a deal with France for the purchase of 18 Dassault-made Rafale fighter jets within days, Prime Minister Kyriakos Mitsotakis said on Tuesday.

The country wants to boost its armed forces and defence capacity with new jets, frigates and arms, as tensions over energy resources in the Eastern Mediterranean region grow and relations with neighbour Turkey are fraught with disagreements.

"Within a few days, the deal on the acquisition of 18 Rafale type jets from France will be signed here in Athens," the conservative premier told lawmakers.

The jets will be received within 2021.

Greece, which saw a quarter of its national output sapped by almost a decade of financial turmoil, emerged from recession in 2017 only to be slapped down again after the coronavirus outbreak earlier this year.

This year's economic contraction is expected to reach 10.5%, according to a government projection in the country's 2021 budget.

Despite the hardship, Greece's defence budget is expected to reach 5.5 billion euros in 2020, Mitsotakis said, adding that the government also wants to acquire new frigates, helicopters, drones and upgrade its F-16 fleet. (Reporting by Renee Maltezou, Editing by William Maclean)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
DASSAULT AVIATION SA -2.01% 82.7 Real-time Quote.-7.75%
US DOLLAR / TURKISH LIRA (USD/TRY) -0.61% 12.79 Delayed Quote.67.29%
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Analyst Recommendations on DASSAULT AVIATION SA
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Financials
Sales 2021 6 739 M 7 628 M 7 628 M
Net income 2021 475 M 538 M 538 M
Net cash 2021 3 585 M 4 058 M 4 058 M
P/E ratio 2021 14,9x
Yield 2021 2,01%
Capitalization 7 024 M 7 916 M 7 951 M
EV / Sales 2021 0,51x
EV / Sales 2022 0,61x
Nbr of Employees 12 441
Free-Float 27,4%
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Number of Analysts 11
Last Close Price 84,45 €
Average target price 125,72 €
Spread / Average Target 48,9%
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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
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