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Share Name Share Symbol Market Type
Airbus SE EU:AIR Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.81 -0.87% 92.33 92.00 93.00 94.26 91.98 92.91 783,785 16:40:00

Dassault Aviation, Airbus to Supply UAE With Military Aircraft in $19 Billion Deal -- Update

03/12/2021 11:33am

Dow Jones News


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   By Olivia Bugault 
 

Dassault Aviation SA said Friday that it will supply the United Arab Emirates with 80 Rafale F4 fighter jets as part of wider deal with the French aerospace industry worth more than 17 billion euros ($19.21 billion).

At 1102GMT, shares in the French aircraft manufacturer of military and business jets were up 7.3%.

The Emirates Air Force will be the first to use the Rafale F4 fighter jet outside France, the company said. This contract is the "largest ever obtained by the French combat aeronautics industry," Chief Executive Officer Eric Trappier said.

The United Arab Emirates is also buying 12 Caracal military helicopters manufactured by Airbus SE, French President Emmanuel Macron's office said. The deal, including the contracts for the jets and helicopters and associated elements, is worth more than EUR17 billion, it said.

Both deals were signed during President Macron's visit to the Gulf this week.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

December 03, 2021 06:18 ET (11:18 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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