The sanction was immediate the action lost 5

Christmas 2008 will be a taste success for Dassault Aviation. Future European supplier of Rafale centerpiece of the French military device , the aircraft manufacturer is set to strengthen its position in the landscape of the defence, national today. The new shareholders Pact binding the State in fact the industrial reference shareholder of Thales with soon 26 of the capital ("Les Echos" on Friday, December 19). However, the crisis which casts a doubt on the 80 book of the group, depending on the year.

Its leaders have already announced last week that 2008 sales would be down "by about 10 ", compared to 2007 (EUR 4.1 billion). In question, of reports of deliveries of Falcon for the fourth quarter of 2008 in the first quarter of 2009, due "essentially" according to the group to the hardening of the civil aviation certification procedures American. The sanction was immediate: the action lost 5.56 Friday.

If no number is still available, the more objective of 90 deliveries of business for 2008, against 70 jets in 2007, should not be achieved. And the record of 212 orders registered last year will be not beaten any time soon. The fundamentals of the business remain very strong, but the decline of regime, already found in the first half, should translate into a profit down. CM - CIC thus reduced its 480 million operating income forecast to EUR 410 million for 2008. The analyst also provides results back for 2009, with a turnover of 3.9 billion for 434 million in profits.

Internally, the branch recognizes indeed fear a wave of cancellations and postponements of orders in 2009, with parallel a market opportunity that grows. The hypothesis of patterns of the automotive industry forced to renounce their jets at the pressure of public opinion is fear a reversal of the US market, which still represents 50 of the activity. What challenge the development plan, which provides to increase the production of Falcon 50 in three years, up to 120 annual deliveries to the horizon of 2010-2011. Gold of the achievement of this goal depends on Dassault ability to reduce costs by increasing the share of production in dollar or "low cost" area without calling into question the France jobs.

3 contracts with a view to the Rafale

If the civil activity of Dassault was to live a period difficult, military branch will take the relay. Will the While strengthening the partnership with Thales translated into figures, all eyes turn to the Rafale and the export. The sword of Damocles of the crisis, never was the aircraft of the group known as favourable conjunction. United Arab Emirates have engaged in negotiations of contracts for the purchase of 60 aircraft. Idem in Libya even if discussions are progressing at the pace of the country, with its ups and downs. "We are very interested not Rafale aircraft", also stated in "The Express" the Brazilian President Lula. The bonus of 100 euros promised to employees for each export contract has been renewed... But for these three major possible contracts, the rest to: conclude.