DASSAULT AVIATION (DUAVF) - Grey Market
  • Thu, Jun. 9, 4:58 PM
    • Airbus (OTCPK:EADSF, OTCPK:EADSY) agrees to sell its remaining holding in Dassault Aviation (OTC:DUAVF), raising ~€2.3B ($2.6B).
    • Airbus says it will dispose of a 9.05% stake through a private placement via an accelerated book building process, sell a 5.5% stake directly to Dassault Aviation and exit the rest through a €1B bond placement exchangeable into Dassault Aviation shares.
    • Airbus began cutting its ~46% stake in family-controlled Dassault in 2014, reducing the holding it inherited more than a decade ago.
    | Thu, Jun. 9, 4:58 PM
  • Wed, Jun. 8, 1:10 PM
    • Airbus (OTCPK:EADSF, OTCPK:EADSY) is close to selling off its remaining stake in Dassault Aviation (OTC:DUAVF) as it disposes of assets to focus on its core businesses, Bloomberg reports.
    • Airbus held 23.6% of Dassault Aviation as of April 3, which currently has a market value of ~€2.1B ($2.4B).
    • Airbus began cutting its stake of ~46% in Dassault in 2014, reducing the holding it inherited from the French government through one of its predecessor companies more than a decade ago.
    | Wed, Jun. 8, 1:10 PM
  • Thu, Mar. 10, 5:56 AM
    • Dassault Aviation (OTC:DUAVF): FY15 Adjusted Net Income of €482M
    • Revenue of €4.18B (+13.6% Y/Y)
    • Press Release
    | Thu, Mar. 10, 5:56 AM
  • Tue, Jan. 5, 9:13 AM
    • Dassault Aviation (OTC:DUAVF) deliveries and orders fell in 2015, as companies in crisis-hit emerging markets purchased fewer corporate jets.
    • The French company delivered 55 Falcon jets last year, down from 66 in 2014. New orders halved to 45 planes and a further 20 were canceled by NetJets, the leasing firm owned by Berkshire Hathaway.
    • Dassault will release full-year revenue figures on Feb. 26.
    | Tue, Jan. 5, 9:13 AM
  • Nov. 17, 2015, 9:30 AM
    • Dassault Aviation (OTC:DUAVF) expects to announce early next year a new testing and production schedule for its Falcon 5X business jet, which has been delayed by problems with engines supplied by Snecma, a division of Safran (OTC:SAFRF).
    • The 16-seat plane, with a range of 5,200 nautical miles, was expected to make its first flight this year, receive certification in 2016 and reach customers the following year.
    | Nov. 17, 2015, 9:30 AM
  • Nov. 16, 2015, 8:06 AM
    • According to a forecast by Honeywell, sales of business jets are expected to slow next year, falling by less than 10%, as weakening economies and simmering political tensions delay corporate purchases.
    • Honeywell also trimmed its 10-year outlook, saying the global market will need 9,200 business jets worth $270B over the next decade, down from the 9,450 jets worth $280B it forecast last year.
    • Related tickers: OTCPK:EADSY, BA, OTCQX:BDRAF, OTCQX:BDRBF, OTC:DUAVF, ERJ
    | Nov. 16, 2015, 8:06 AM
  • Oct. 26, 2015, 7:08 PM
    • Fresh off its political victory, Canada's incoming Liberal government will totally restart a competition for fighter jets, as incoming Prime Minister Justin Trudeau had suggested.
    • The country is looking to replace its aging CF-18 aircraft, and the outgoing Conservatives had proposed buying Lockheed Martin's (NYSE:LMT) F-35 stealth fighters. But a Liberal source says the party will put out a new request for proposals with a new set of requirements for the craft when it takes power Nov. 4.
    • The competition will be fresh, the source suggested, rather than simply going with another choice like Boeing's (NYSE:BA) F/A-18E/F jets. Those jets are expected to end production by 2019 if not earlier, and Canada's reset could mean that choosing the CF-18's replacement could take years.
    • Other contenders: Dassault Aviation (OTC:DUAVF), Saab (OTC:SAABF), and a combination of BAE Systems (OTCPK:BAESY), Finmeccanica (OTCPK:FINMY) and Airbus (OTCPK:EADSY).
    • Lockheed is down 0.7% after hours; Boeing is up 0.2%.
    • Previously: F-35 jet cost to rise if Canada skips orders (Oct. 22 2015)
    • Previously: Trudeau's election threatens Canada's F-35 program (Oct. 21 2015)
    | Oct. 26, 2015, 7:08 PM | 13 Comments
  • Jun. 2, 2015, 10:29 AM
    • Building on its relationship with Dassault (OTC:DUAVF), Honeywell Aerospace (HON +0.2%) will supply its advanced Primus Epic cockpit technologies to the aircraft manufacturer's newly unveiled Falcon 5X.
    • Primus Epic's latest enhanced features have been customized for Dassault's EASy III cockpit.
    | Jun. 2, 2015, 10:29 AM
  • Mar. 25, 2015, 3:59 AM
    • Airbus (OTCPK:EADSY) is again cutting its stake in Dassault Aviation (OTC:DUAVF), dropping its holdings to around 27% from 42%, as it continues its plan to sell its full stake in the fighter jet maker by the end of 2015.
    • Separately, the cockpit voice recorder for the Germanwings (OTCQX:DLAKY) flight that slammed into the French Alps yesterday has been found, although a search for the the second black box, the flight data recorder, is still ongoing.
    • The same model airplane, the Airbus A320, crashed into the Java sea off the coast of Indonesia just under three months ago (AirAsia Flight 8501).
    • Previously: Airbus plans to sell full Dassault stake by end of 2015 (Nov. 28 2014)
    | Mar. 25, 2015, 3:59 AM
  • Feb. 18, 2015, 7:39 AM
    • India will decide on the fate of a much-delayed deal for 126 Dassault (OTC:DUAVF) Rafale fighter jets only after March, the country's defense minister announced today.
    • He declined to say when a final decision was likely on the contract, which was initially worth $12B, but could go up to $20B.
    • The Rafale was picked in 2012 over rival offers from the U.S., Europe and Russia.
    | Feb. 18, 2015, 7:39 AM
  • Nov. 28, 2014, 7:22 AM
    • Airbus (OTCPK:EADSY) and Dassault Aviation (OTC:DUAVF) intend to complete the sale of Airbus's €4.8B stake in the French planemaker by the end of next year, Reuters reports.
    • Plans to reduce the 46.3% stake were recently put on hold due to market volatility.
    • Airbus has said that it plans to sell around 10% to institutional investors, while Dassault Aviation has won approval from its shareholders to buy back up to another 10%. The entire shareholding should be settled by the end of next year.
    | Nov. 28, 2014, 7:22 AM
  • Sep. 5, 2014, 7:59 AM
    • Canada is likely to choose between two U.S. firms when it buys a new fleet of fighters jets, says Reuters quoting a source.
    • The source related that Lockheed Martin's (NYSE:LMT) F-35 and Boeing's (NYSE:BA) F-18 E/F Super Hornet were deemed more suitable for the tasks the military has laid out.
    • If so, the choice would result in the widely expected elimination of Dassault Aviation's (OTC:DUAVF) Rafale and the Eurofighter Typhoon, jointly made by BAE Systems (OTCPK:BAESY), Finmeccanica (OTCPK:FINMY) and Airbus (OTCPK:EADSY).
    | Sep. 5, 2014, 7:59 AM | 2 Comments
  • Mar. 4, 2013, 5:00 AM

    Canada has asked Boeing (BA), Lockheed Martin (LMT) and three other companies to provide information about their fighter jets as the country looks to replace its aging fleet of Boeing CF-18 Hornets. The government had said in 2010 that it would buy Lockheed's F-35 planes, but spiraling costs have prompted it to revisit the process. The other contenders are EADS, Saab and Dassault.

    | Mar. 4, 2013, 5:00 AM | 4 Comments
Company Description
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Industry: Aerospace/Defense Products & Services