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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Dassault Aviation    AM   FR0000121725

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DASSAULT AVIATION : BAE Systems and Dassault Aviation sign Memorandum of Understanding to develop unmanned air system proposal

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03/14/2011 | 10:05am CEST

 

BAE Systems and Dassault Aviation
sign Memorandum of Understanding
to develop unmanned air system proposal

 


BAE Systems and Dassault Aviation have signed a Memorandum of Understanding (MoU) to collaborate exclusively on the preparation and submission of a joint proposal to the UK and French Ministries of Defence for the design, development, production and support of a Medium Altitude Long Endurance (MALE) Unmanned Aircraft System (UAS). The MoU will enable the two companies to establish a framework under which they may jointly pursue this long term business opportunity.


This signature follows the United Kingdom and French Governments agreement at the Anglo-French Summit in November 2010 to collaborate on the next generation MALE UAS to meet the requirements of both countries.


BAE Systems and Dassault Aviation have already completed a joint MALE UAS feasibility study for the United Kingdom and French Governments. This study has given both companies the confidence to move to the next stage of developing a joint proposal that will harness the considerable UAS capabilities of both BAE Systems and Dassault Aviation.


Kevin Taylor, Managing Director Military Air & Information at BAE Systems said:  "A successful BAE Systems/Dassault Aviation solution will ensure that the UK and France maintain their status as leading providers of aerospace capability. It will also ensure that both countries get the best return on the investment they have made in state-of-the-art technologies and UASs.  We have a strong team in place that is ready to develop the future frontline UAS capability required by both the UK and France."


Eric Trappier, Executive Vice President International at Dassault Aviation also commented:  "BAE Systems and Dassault Aviation's joint experience and proven capabilities, together with an efficient co-operation process, allow us to offer a MALE UAS that will provide the UK and France with a cost-effective intelligent autonomous exploitation system to meet both countries' military requirements to schedule and within the budgetary constraints under which both governments will operate in future. We look forward to a swift development go-ahead decision from the two governments soon."



For more information, please contact:

 

Lesley Dobson, BAE Systems
Tel: +44 (0)1772 852052 - Mob: +44 (0)7801 717289
lesley.dobson@baesystems.co.uk


Yves Robins, Dassault Aviation
Tel: +33 (0)1 47 11 86 91 - Mob: +33 (0)6 07 66 82 53
yves.robins@dassault-aviation.com



Issued by:

 

BAE Systems, Farnborough, Hampshire GU14 6YU, UK
Tel: +44 (0)1252 384719 - Fax: +44 (0)1252 383947
www.baesystems.com


Dassault Aviation, 92552 Saint-Cloud Cedex, France
Tel: +33 (0)1 47 11 40 00
www.dassault-aviation.com


BAE Systems and Dassault Aviation sign Memorandum of Understanding...:
http://hugin.info/143388/R/1496622/432345.pdf

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Dassault Aviation via Thomson Reuters ONE


HUG#1496622


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Financials (€)
Sales 2016 3 705 M
EBIT 2016 334 M
Net income 2016 395 M
Finance 2016 1 939 M
Yield 2016 1,30%
P/E ratio 2016 21,05
P/E ratio 2017 19,80
EV / Sales 2016 1,78x
EV / Sales 2017 1,86x
Capitalization 8 530 M
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Number of Analysts 13
Average target price 1 191 €
Spread / Average Target 27%
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Éric Trappier Chairman & Chief Executive Officer
Loïk Segalen Chief Operating Officer
Didier Gondoin Executive Vice President-Engineering
Jean Sass Executive Vice President-Information Systems
Charles Edelstenne Non-Executive Director
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