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DASSAULT AVIATION (AM)

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DASSAULT AVIATION : French Trade Minister Confirms Dassault Secures India Deal For Fighter Jets

01/31/2012 | 09:22am US/Eastern

Dassault Aviation SA (AM.FR) has secured a multi-billion dollar contract to provide 126 Rafale fighter jets to the Indian military, French Trade Minister Pierre Lellouche said Tuesday, speaking on national radio station BFM Business.

Lellouche said that some details of the contract, which would be the first foreign order for Dassault's Rafale jet, need to be finalized.

The contract has an estimated value of around $10 billion.

Dassault will provide its Rafale multi-role jet to India after beating the Eurofighter Typhoon made by a consortium of BAE Systems, Italy's Finmeccanica SPA (FNC.MI), and the European Aeronautic Defence & Space Co. (EAD.FR).

Dassault wasn't immediately available for comment.

-By Noemie Bisserbe and Inti Landauro, Dow Jones Newswires; +33 1 4017 1740;noemie.bisserbe@dowjones.com

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