15 March 2014

News Story: Dassault says profits slump, but closer to India fighter deal


PARIS (AFP): France's Dassault Aviation reported on Thursday a profit slump for 2013, but said it was moving closer to sealing a major fighter jet contract with India.

Net profit for the year fell 8.5 per cent to 459.45 million euros (USD 641 million), but total orders intake rose 25 per cent to 4.16 billion.

During the year, it recorded 64 orders for its Falcon private jets, up from 58 in 2012.

Defence orders made up just 1.26 billion euros in 2013, up from 793 million euros in 2012.

However, the group is seeking to significantly boost its defence segment, as it is trying to seal a deal with India worth USD 12 billion.

Read the full story at Brahmand