Contributor - Europe

Cathy Buyck

Dassault Aviation is maintaining its full-year guidance and still expects to deliver 35 Falcon business jets and 15 Rafale fighters this year despite a weak first half.&nbsp;“The global context remains marked by the war in Ukraine and the associated instability,” company&nbsp;chairman&nbsp;and CEO&nbsp;Eric&nbsp;Trappier&nbsp;said yesterday in releasing first-half 2023 results. He conceded that the strained supply chain environment has deteriorated further since last year.
The French OEM delivered&nbsp;nine Falcons in the first six months, down from 14 in the same period last year. Further, it&nbsp;registered net orders for just&nbsp;12 Falcons, less than a third of the 41 it sold in first-half 2022.
“The post-Covid upturn [in the business jet market] in growth witnessed in 2022 began to ease off in the last quarter of 2022, a slowdown that continued in the first&nbsp;half of this year,” Trappier noted. He touted the progress of the company’s two new models—the Falcon 6X and 10X—and expressed&nbsp;confidence the first 6X would be delivered this year.&nbsp;
Meanwhile, Dassault did not conclude any additional Rafale fighter jet contracts in the first half versus 87 a year ago. Deliveries also fell to four Rafales in the first half, compared with seven in the year-ago period.
By value, aircraft order intake fell from €16.3 billion ($18.3 billion) in the first half of 2022 to €1.7 billion.

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