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☆ See inside the Dassault Falcon 10X, a super-luxurious $75 million private jet nicknamed the 'penthouse of the skies'
▼ + stars: | 2023-06-23 | by ( Pete Syme | Taylor Rains | ) www.businessinsider.com time to read: 1 min

Dassault says the flight deck will use a digital flight control system derived from its military technology. And with its FalconEye combined vision system, the 10X "will be capable of operating in essentially zero ceiling/visibility conditions." © Dassault Aviation - V. Almansa

Persons: Almansa Organizations: Dassault, Dassault Aviation

☆ Indonesia confirms buying used fighter jets for $800 million after deal criticised
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

JAKARTA, June 14 (Reuters) - Indonesia confirmed on Wednesday it had bought 12 Mirage 2000-5 fighter jets previously used by Qatar, defending the nearly $800 million deal as a fast way to upgrade the air force after it was criticised by lawmakers who said the planes were too old. The defence ministry said in a statement that Indonesia had signed the deal for 733 million euros ($792 million) with Excalibur International a.s., a unit of Czech defence company Czechoslovak Group (CSG) in January. The country has long been seeking to overhaul its ageing air fleet which includes U.S.-made F-16 and Russian Sukhoi Su-27 and Su-30 jets. The country secured a deal to order 42 Rafale fighter jets for $8.1 billion in February. A planned purchase of F-15 fighter jets is also in advanced stages and awaiting final sign-off from the government, defence minister Prabowo Subianto said last year.

Persons: Tubagus Hasanuddin, Edwin Adrian Sumantha, Sukhoi Su, Prabowo Subianto, Ananda Teresia, Gayatri Suroyo, Peter Graff Organizations: Czechoslovak Group, Dassault Aviation, Indonesian Air, Thomson Locations: JAKARTA, Indonesia, Qatar, Czech, U.S, Russia, Jakarta

☆ Dassault Systemes targets doubling of earnings per share by 2028, announces new CEO
▼ + stars: | 2023-06-09 | by ( ) www.reuters.com time to read: +1 min

June 9 (Reuters) - French software provider Dassault Systemes (DAST.PA) on Friday forecast a doubling of its earnings per share (EPS) by 2028, and announced a new CEO. Dassault said it plans to reach non-IFRS EPS between 2.20 euros and 2.40 euros by 2028, roughly double the 1.13 euros it posted for the full year of 2022. Proponents say subscription models give companies a more predictable revenue stream, which helps planning and managing costs. "Dassault Systèmes will increase its addressable markets from €100 billion today to €1 trillion by 2040," the company said in a statement. Reporting by Olivier Sorgho and Augustin Turpin; Editing by Tom Hogue and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Pascal Daloz, Bernard Charlès, Olivier Sorgho, Augustin Turpin, Tom Hogue, Gerry Doyle Organizations: Dassault, Thomson

☆ TipRanks reveals the top 10 health care sector analysts of the past decade
▼ + stars: | 2023-05-21 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

TipRanks leveraged its Experts Center tool to recognize the ones with a high success rate. We also analyzed each stock recommendation made by health care sector analysts in the past decade. TipRanks' algorithms calculated the statistical significance of each rating, average return and the analysts' overall success rate. The buy recommendation generated a return of 397.9% from May 12, 2020 to May 12, 2021. Boris Peaker - TD CowenBoris Peaker has the 10th spot on the list, with a success rate of 47%.

☆ Slowdown, recession or boom? Bank of America reveals the global stocks to play each eventuality
▼ + stars: | 2023-05-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The investment bank screened for stocks based on their ability to withstand fluctuations in a slowdown, recession, and boom. "Historically, the 'Recession' phase is the typical successor of the 'Slowdown' phase, but a 'Boom' phase has also followed 'Slowdown' in the past." Under this scenario, Bank of America screened for stocks that are "high quality, [large] size, growth-over-value, rising momentum and low risk". For this scenario, Bank of America looked for stocks it defined as high quality, large, value-over-growth, and low risk. For this eventuality, the Wall Street bank identified stocks it considers value-over-growth, rising momentum, high risk, small market cap, and low quality.

☆ The French château with more than 100 fighter jets
▼ + stars: | 2023-05-02 | by ( Miquel Ros | ) edition.cnn.com time to read: +7 min

CNN —The sleek, dark-gray lines of a F-16 Fighting Falcon jet, flanked by two other veterans of the Cold War skies, a French Dassault Mirage IV and a F-104 Starfighter, is not what you would usually expect to come across when walking into the courtyard of a 700-year-old French château. The majority of them were acquired as scrap,” says Christophe Pont, Michel’s son and current owner and manager of the château. Courtesy Miquel RosIn the mid-1980s, Pont, who was ex-military, made inquiries with the French Air Force about the possibility of getting one of their decommissioned Mirage III fighter jets to exhibit at the château. The request was granted and six months later what would become the kernel of the world’s largest private fighter aircraft collection was on its way to Savigny-lès-Beaune. Château de Savigny-les-Beaune, Rue Général Leclerc, 21420 Savigny-lès-Beaune, France; +33 3 80 21 55 03

Order intake at the company that makes a range of military and civilian hardware doubled to 17.02 billion crowns ($1.66 billion) from 8.1 billion, while its order backlog increased to 132.66 billion crowns from 128 billion crowns. Chief executive Micael Johansson said countries are increasing stocks to improve their own resilience, as well as to support Ukraine, which had translated into a strong order intake. Demand has been particularly strong in the surveillance and dynamics businesses, which include sensors, deterrents, support weapons and missiles, he said. Analysts at Citi said it was a strong start to the year for Saab, with sales, operating profit and orders beating consensus. Shares in Saab were up around 4.5% as the market opened, but reversed course later and at 0806 GMT were down 1.5%Operating profit for the maker of the Gripen fighter jet was 928 million Swedish crowns ($90.16 million) in the quarter, compared with 654 million crowns a year earlier.

☆ European shares fall as banking sector jitters eclipse upbeat earnings
▼ + stars: | 2023-04-26 | by ( Shubham Batra | ) www.reuters.com time to read: +3 min

The pan-European STOXX 600 index (.STOXX) fell 0.7%, as regional banking stocks (.SX7E) dropped 1.2%. Earnings from Microsoft Corp (MSFT.O) and Google's parent Alphabet Inc (GOOGL.O) beat expectations, but recessionary worries in the world's largest economy kept investor sentiment fragile. Shares of Swiss banking software company Temenos AG (TEMN.S) jumped 10.2% after it reported first-quarter earnings above consensus. Meanwhile, ASM International NV (ASMI.AS) fell 10.0% after the Dutch semiconductor equipment maker reported a drop in first-quarter orders, citing softening market conditions, despite an estimate-beating revenue. Dassault Systemes SE (DAST.PA) slid 7.4% after the French software maker reported first-quarter numbers broadly in line with estimates but with a miss on software licenses.

The comments suggest a more muted stance on the prospect for significant orders of large Airbus jets compared with the planemaker's best-selling A320neo medium-haul model, for which it is doubling production capacity in China. It also welcomed an agreement giving delivery clearance for 150 A320neo and 10 A350 jets that Airbus had already sold to China. Airbus is marketing a freighter version of its A350 jet and is keen to sell more wide-body passenger jets to China. The statement also said European and Chinese regulators would accelerate certification involving the Airbus H175 helicopter, Dassault Aviation (AM.PA) 8X business jet and Harbin Y12F turboprop. The H175 was co-developed by Airbus Helicopters and Chinese aerospace conglomerate AVIC and is often used for ambulance or police service.

[1/2] A logo of Airbus is seen at the entrance of its factory in Blagnac near Toulouse, France, July 2, 2020. But whereas this makes up some 12% of market forecasts for Boeing's 2023 deliveries, Airbus has secured just 9% of its 2023 target of 720 jets, below the trend for this time of year. After missed targets in 2022, Airbus Chief Executive Guillaume Faury has told executives that 2023 will be "make or break" for the company's industrial reputation, industry sources said. In February, Airbus delivered 46 jets, up from 20 in January, for a total of 66 in the first two months of 2023. Lessors have said both jetmakers are delivering planes three-to-six months late, though Airbus is pushing to maintain higher industrial output.

☆ 'Our phones are ringing off the hook': Amid a global downturn, the finance world is chasing Middle Eastern money
▼ + stars: | 2023-03-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

The region's 10 largest sovereign wealth funds combined manage nearly $4 trillion, according to the Sovereign Wealth Fund Institute. The regional investors, especially the sovereign funds but also the families, are now much more sophisticated than before. Follow the capitalAs oil prices made a roaring comeback in the last two years, the Gulf's public wealth funds went on a spending spree. It added that GCC sovereign wealth funds "played an important role in 2020 during the Covid-19 pandemic and now again in 2022 during times of financial distress." Our phones are ringing off the hook," one manager from a UAE investment fund said, declining to be named due to professional restrictions.

The real estate sector (.SX86P) dropped 3.2% to more than two month lows, with shares in Germany's LEG Immobilien (LEGn.DE) tumbling 11.4% after the firm suspended its dividend. The STOXX 600 index (.STOXX) closed down 0.2% after recouping some of its losses earlier in the trading session. Although European stocks had a good start to the year, mixed economic data from China and worries that the ECB would stay hawkish for longer strained momentum in equities to the end of February and into March. Hugo Boss (BOSSn.DE) fell 2.1% after the German fashion house forecast 2023 sales to grow more slowly than last year. Shares of Dassault Aviation (AM.PA) soared 12.2% to a record high after the French aircraft manufacturer reported better-than-expected results for 2022.

☆ Dassault Aviation seeks more Rafale exports, defends business jets
▼ + stars: | 2023-03-09 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

PARIS, March 9 (Reuters) - Dassault Aviation (AM.PA) highlighted negotiations for new Rafale fighter export orders and hit back at European critics of business jets as it posted higher profits on Thursday. It booked new orders worth 21 billion euros, including 92 Rafales and 64 Falcons. It delivered 46 jets including 32 Falcons in 2022, down from 55 including 30 Falcons in 2021. He said Dassault remained in talks to provide 26 carrier-borne Rafales to the Indian navy, in competition with Boeing's (BA.N) F/A-18 Super Hornet. One year's use of the global fleet of Falcon business jets is equivalent to 24 hours of global video streaming or five hours of worldwide truck traffic, he said.

☆ A first-of-its-kind fighter jet landing shows India's big ambitions for its growing aircraft carrier fleet
▼ + stars: | 2023-02-23 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +7 min

Two fighter jets landed on and took off from India's new aircraft carrier, INS Vikrant, this month. The continued growth of India's carrier fleet reflects New Delhi's ambitions in the region. Indian carriersA naval variant of India's Tejas fighter jet lands on INS Vikrant on February 6. Indian navyThough Vikrant is India's first domestically built carrier, it is actually the fourth to enter service with the Indian Navy. The third carrier, INS Vikramaditya, is a modified Kiev-class carrier India purchased from Russia in 2004.

☆ How unusually mild weather prevented what could've been the first aircraft carrier battle since World War II
▼ + stars: | 2023-02-16 | by ( Sebastien Roblin | ) www.businessinsider.com time to read: +10 min

Argentine jets were poised to strike when the usually turbulent South Atlantic winds took a mild turn. Few of the half-dozen Argentine aviators expected to survive the attack, dubbed "Banzai Night" after the famous Japanese battle cry. Government of ArgentinaIronically, the Veinticinco de Mayo was originally a British carrier named the HMS Venerable launched by the Cammell Laird shipyard near the end of World War II. After a damaging boiler-room fire, the Karel was sold in 1969 to the Argentine Navy which extensively modernized and rebuilt the 25-year-old vessel. The Harrier and the Sea DartSea Harrier jump jets aboard HMS Hermes in the South Atlantic on May 1, 1982.

BENGALURU, Feb 13 (Reuters) - India wants to more than triple annual defence exports to $5 billion by 2024/25 from $1.5 billion currently as it looks to ramp up domestic manufacturing, Prime Minister Narendra Modi said on Monday while inaugurating the Aero India show. "Today, India is not just a market for defence companies, it is also a potential defence partner," Modi said in his speech at the show. "I call on India's private sector to invest more and more in the country's defence sector." India, for decades one of the world's biggest importers of defence equipment, now exports to 75 countries, he added. India's airlines are also expanding, with Tata Group's Air India expected to announce a potentially record deal to buy nearly 500 jets from Airbus and Boeing, worth more than $100 billion at list prices.

[1/4] An Indian Air Force (IAF) light combat aircraft "Tejas" flies during the "Aero India 2021" air show at Yelahanka air base in Bengaluru, India, February 3, 2021. Indian carriers may buy 1,500 to 1,700 aircraft in coming years, CAPA said, including Air India and IndiGo. MILITARY, COMMERCIAL COMPETITION"The days of foreign companies selling directly to India are over," a defence industry source told Reuters. At the same time, airlines like Air India are seeking to go head-on with rivals like Emirates Airline (EMIRA.UL) for a bigger share of international passenger flow. India's pressing military air need is to shore up its fighter squadrons, which have fallen to 31 from the approved 42 as political and bureaucratic hurdles and lack of funds delay purchases.

However, Boiardi said an earlier proposal from the industry for totally single-pilot flying by 2030 was "absolutely not realistic", because automation had not advanced far enough and solo flying required a level of safety equivalent to existing operations. Solo flying, even in cruise, needs approval from the United Nations' International Civil Aviation Organization, individual airlines and their pilot unions. Even limited solo flying, however, is dividing airlines and raising public fears, while sparking a growing backlash among pilot groups like the European Cockpit Association. Airbus said in a statement it was studying the concept of a single pilot in the cruise phase but not wholly single-pilot flights. Consumer resistance, however, could result in single-pilot flying starting with cargo flights, industry officials said.

☆ China is slowly coming back, Dassault Systemes CEO says
▼ + stars: | 2023-02-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is slowly coming back, Dassault Systemes CEO saysBernard Charles discusses the company’s full-year earnings across its main markets.

☆ Colombia's plan to replace fighter planes hits a snag
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, Jan 2 (Reuters) - Initial negotiations between Colombia, France's Dassault Aviation (AM.PA) and Sweden's Saab AB (SAABb.ST) to replace part of the South American country's aging air force fleet have collapsed, the defense minister said on Monday. Colombia, which uses about 20 Israeli-made Kfir aircraft purchased three decades ago, has said replacing the planes is a priority so it can continue to defend its territory, fight organized crime and conduct aerial surveillance. There will be continued efforts this year to see if a purchase is possible, Velasquez said. There have been efforts by various Colombian administrations to replace the Kfir planes for at least 12 years, though the change has been stymied by financial limitations. (This story has been refiled to say Swedish instead of Swiss in reference to Saab in paragraph 3)Reporting by Luis Jaime Acosta in Caracas Writing by Julia Symmes Cobb Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a bridge between Europe and Asia that marks Japan's first major industrial defence collaboration beyond the United States since World War Two. Britain also wants Japan to improve how it provides security clearances to contractors, sources with knowledge of the discussions told Reuters. The two new platforms would compete head-on with each other and the United States in the global fighter market. "There is going to be a Battle Royal in the next 10-15 years in positioning the various players," said UK defence analyst Francis Tusa. The United States, which has pledged to defend all three countries through NATO and a separate security pact with Japan, welcomed the new Europe-Japan agreement.

☆ Macron hosts European CEOs to counter US move temptation
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

European leaders have been alarmed by massive anti-inflation measures passed by Joe Biden's administration, which make tax breaks conditional on U.S-manufactured content and which EU industries say make investment in Europe less competitive. Macron, who has called on the European Union to launch its own 'European Buy Act' to subsidise European production, has encountered resistance from the more anti-protectionist members of the bloc. It was unclear what Macron would tell the executives to convince them not to move to the U.S. But France has unveiled a number of measures over the weekend to cushion the impact of high energy bills for French companies. Reporting by Michel Rose Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

BERLIN/PARIS, Nov 18 (Reuters) - France, Germany and Spain have reached agreement over starting the next phase of the development of a new fighter jet dubbed FCAS, Europe's largest defence project at an estimated cost of more than 100 billion euros, two sources told Reuters on Friday. The three countries and their respective industries had struck a deal, said a defence source who spoke on condition of anonymity and did not give details. According to earlier information, the next development phase for the Future Combat Air System (FCAS) is expected to cost some 3.5 billion euros ($3.63 billion), to be shared equally by the three countries. France's Dassault (AM.PA), Airbus (AIR.PA) and Indra (IDR.MC) - the latter two representing Germany and Spain respectively - are involved in the scheme to start replacing French Rafale and German and Spanish Eurofighters from 2040. ($1 = 0.9642 euros)Writing by Sabine Siebold, Editing by Miranda, Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.

☆ Elon Musk appears to order Tesla and SpaceX stickers for his new $78 million Gulfstream G700 jet
▼ + stars: | 2022-11-04 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +1 min

Elon Musk appears to have ordered custom Tesla and SpaceX stickers for his latest private jet. He has reportedly ordered a Gulfstream G700 to replace his G650ER jet. A Gulfstream employee shared a picture of what appears to be the stickers with Jack Sweeney, who runs a Twitter account tracking Musk's jets. Insider could not verify who took the image that Sweeney shared with Insider. The Gulfstream G700 costs close to $80 million.

☆ Dassault Systemes raises FY outlook, boosted by strong U.S. dollar
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

GDANSK, Oct 26 (Reuters) - French software maker Dassault Systemes (DAST.PA) on Wednesday raised its full-year earnings and revenue forecast, due in part to the stronger dollar, after reporting higher-than-expected quarterly results. Revenue was driven by strong subscription and support growth. Dassault Systems increased its non-IFRS diluted earnings per share target for 2022 to between 1.12 and 1.14 euro from its earlier estimate of 1.08 euro and 1.10 euro. The company also said it was increasing its full-year revenue target to between 5.61 billion and 5.65 billion euros from a range of 5.49 billion to 5.54 billion euros previously boosted by a strong dollar. ($1 = 1.0047 euros)Reporting by Karol Badohal; editing by Josephine MasonOur Standards: The Thomson Reuters Trust Principles.

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