Progress Slow for Dassault

Even though the pace of Falcon order cancellations is decreasing, new orders are taking time to pick up again. Additionally, a soar in national debts is expected to lead to defense budgets restrictions, notably in France.

The numbers:

• Orders: 2 Falcons
• Deliveries: 45 Falcons and 5 Rafales
• Net sales: € 1,990 million (up 44% vs last year)
• Operating income: € 248 million (up 104%)
• Operating margin: 12.4% (up 8.7%)
• Net income: € 170 million (up 37%)
• Net margin: 8.5% (down 9%)

2010 net sales should be comparable to 2009 net sales, with deliveries of the order of 85 Falcons and 11 Rafales. Owing to the significant number of available-for-sale pre-owned aircraft on a worldwide scale, the Group does not predict a business aviation market recovery in the short term.

On a side note - The Falcon 900LX was certified this July.