What Happened
India's 114-Rafale Bid Moves Forward Amid Local Manufacturing Requirements
Dassault Aviation shares have approached the lowest estimate of analysts as India’s bid for 114 Rafale jets moves forward. The deal, valued at around 3.25 trillion rupees, includes a significant local manufacturing component, with 94 jets to be produced in India. Dassault’s adjusted sales climbed 46% to €4.16 billion in the first half, driven by defense export revenue. The company’s chairman and CEO, Éric Trappier, described the India contract as a major strategic objective. This development was reported by an unknown source.