Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/14/2011 | 10:05am CET

 

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


share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DASSAULT AVIATION
01/16 DASSAULT AVIATION : to Provide Special Event Support at the World Economic Forum
01/11 DASSAULT AVIATION : Patronage for the Centenary of Dassault Aviation
01/06 DASSAULT AVIATION : Airworthiness Directives; Dassault Aviation Airplanes
01/06 DASSAULT AVIATION : Babcock France and Dassault Aviation to team up for French F..
01/05 DASSAULT AVIATION : Financial Release "Order intake, deliveries and backlog in u..
01/05 DASSAULT AVIATION : Order intake, deliveries and backlog in units as of December..
01/05 DASSAULT AVIATION : Order intake, deliveries and backlog in units as of December..
01/05 DASSAULT AVIATION : Babcock France and Dassault Aviation to team up for French F..
01/03 DASSAULT AVIATION : Press Release "Dassault Aviation reduces its share capital b..
01/03 DASSAULT AVIATION : reduces its share capital by 9.6%
More news
Sector news : Commercial Aircraft Manufacturing
10:09p EXCLUSIVE : Spirit AeroSystems mulls outsourcing U.S. supply chain jobs: sources
04:33p Davos CEOs 'go local' on supply chain in Trump era
04:02pDJMARKET SNAPSHOT : Dow Struggles To End 4-session Skid On Upbeat Data, Dovish Dra..
02:02p Safran says Zodiac profitability is far from satisfactory
02:02p SAFRAN : Zodiac deal to strengthen French aerospace sector - Hollande
More sector news : Commercial Aircraft Manufacturing
News from SeekingAlpha
2016 HONEYWELL SURVEY : Business jet deliveries to slow in 2017
2016 Indian cabinet approves Rafale fighter purchase
2016 WALL STREET BREAKFAST : Crude Back Below $50
2016 Airbus to sell remaining stake in Dassault Aviation
2016 BLOOMBERG : Airbus close to selling off remaining Dassault Aviation stake
Advertisement
Financials (€)
Sales 2016 3 648 M
EBIT 2016 301 M
Net income 2016 399 M
Finance 2016 2 200 M
Yield 2016 1,13%
P/E ratio 2016 23,17
P/E ratio 2017 24,48
EV / Sales 2016 1,86x
EV / Sales 2017 2,18x
Capitalization 9 002 M
More Financials
Chart DASSAULT AVIATION
Duration : Period :
Dassault Aviation Technical Analysis Chart | AM | FR0000121725 | 4-Traders
Full-screen chart
Technical analysis trends DASSAULT AVIATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 1 132 €
Spread / Average Target 3,7%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Éric Trappier Chairman & Chief Executive Officer
Loïk Segalen Chief Operating Officer
Didier Gondoin Executive Vice President-Engineering
Jean Sass Executive Vice President-Information Systems
Charles Edelstenne Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
DASSAULT AVIATION2.57%9 579
BOEING CO1.70%97 710
TEXTRON INC.1.09%13 265
AVIC HELICOPTER CO LTD7.62%4 517
AVICHINA INDUSTRY & TE..7.68%4 462
EMBRAER SA9.38%4 013
More Results