logo
Falcon Expands Fleet with Two New Legacy 650 Aircraft

Falcon Expands Fleet with Two New Legacy 650 Aircraft

Yahoo07-05-2025

Falcon
Legacy 650_PR
DUBAI, United Arab Emirates, May 07, 2025 (GLOBE NEWSWIRE) -- Falcon, part of Alex Group Investment, is proud to announce the addition of two Legacy 650 aircraft to its fleet.
These aircraft offer spacious cabins designed for maximum comfort and privacy, making them ideal for both business and leisure travel. With an impressive range, they can fly non-stop from London to New York, Paris to Dubai, or even Sydney to Singapore, enabling clients to travel long distances with ease.
The Legacy 650s also feature one of the largest baggage compartments in their class, providing ample space for up to 20 suitcases. This makes them the perfect choice for clients who need plenty of room for luggage while traveling with ease and comfort.
Mr. Sultan Rashit Abdulla Rashit Al Shene, Founder & Chairman of Alex Group Investment, commented, "The addition of these two aircraft to our fleet is an exciting milestone for Falcon. As we continue to grow, we're committed to providing the best in private aviation. Our goal is to offer more than just a flight; we want to deliver a personalised service that fits your needs. With a diverse range of aircraft, we ensure every journey is comfortable, efficient, and designed to provide you with an unforgettable experience."
For more information about Falcon's fleet please visit Falcon Luxe | Our fleet - Falcon
About Falcon
Falcon is a premier aviation service provider, offering a one-stop-shop for all your aviation needs. With Falcon Luxe, we provide a fleet of modern private jets available for global charter worldwide, ensuring comfort and privacy for every journey. Falcon Elite features an exclusive private jet terminal (FBO), delivering top-tier service and an unforgettable experience before you even board. Falcon Technic offers 24/7 Maintenance, Repair, and Overhaul (MRO) services, not only for our fleet but also for third-party aircraft, ensuring optimal performance and reliability. Additionally, Falcon Flight Support is dedicated to making your travel effortless, providing personalized support from start to finish. At Falcon, all your aviation needs are covered under one roof.
Discover more at flyfalcon.com , Instagram and LinkedIn .
Media Inquiries
Ines Nacerddine
Director of Marketing - Aviation
Alex Group Investment
Email: ines.nacerddine@alexgroupinvestment.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9d7381e7-95ab-4fa2-8562-3a4314606d4d

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

CrowdStrike Stock Is Crushing the S&P 500 in 2025. Is the Artificial Intelligence (AI) Juggernaut Still a Buy?
CrowdStrike Stock Is Crushing the S&P 500 in 2025. Is the Artificial Intelligence (AI) Juggernaut Still a Buy?

Yahoo

timea day ago

  • Yahoo

CrowdStrike Stock Is Crushing the S&P 500 in 2025. Is the Artificial Intelligence (AI) Juggernaut Still a Buy?

CrowdStrike developed a popular all-in-one cybersecurity platform called Falcon, which is powered by artificial intelligence (AI). Falcon is extremely popular, with adoption rates growing in each passing quarter. There could be significant growth ahead for CrowdStrike, but its stock is trading at a very expensive valuation. 10 stocks we like better than CrowdStrike › CrowdStrike (NASDAQ: CRWD) is a leading provider of cybersecurity for enterprises. Its success boils down to two things: its Falcon platform, one of the only true all-in-one solutions in the industry, and its artificial intelligence (AI)-powered approach, which automates threat detection and incident response processes. CrowdStrike stock has soared by 34% so far in 2025, crushing the S&P 500 (SNPINDEX: ^GSPC) index, which is up by just 2%. The company continues to deliver solid financial results, and management has put forward an ambitious long-term revenue forecast, which implies significant growth ahead. With that said, CrowdStrike stock isn't cheap right now. Will that keep a lid on any potential returns in the short term, or is more upside on the table? Read on. In the past, cybersecurity providers often specialized in very specific segments of the industry, so businesses had to deal with multiple vendors to achieve adequate protection. CrowdStrike's Falcon platform is so popular because it offers 30 modules (products) that cover the entire cybersecurity stack, protecting cloud networks, employee identities, endpoints (computers and devices), and more. During the fiscal 2026 first quarter (ended April 30), a record 48% of CrowdStrike's customers were using at least six Falcon modules, which increased from 44% in the year-ago period. In other words, businesses are quickly expanding their spending on the platform. Falcon Flex is a relatively new subscription option that is driving even greater adoption. It was launched in 2023 and allows customers to reallocate their budgets to different modules as their needs change throughout their contract period. As a result, CrowdStrike says the average Flex customer tries nine modules, so it introduces them to products they might not have otherwise considered. This is driving a phenomenon that CrowdStrike calls "Reflexes." The company said 39 Flex customers recently exhausted their budgets within the first five months of their 35-month contract periods, and each of them came back to expand their spending. No matter which subscription option customers choose, AI is at the heart of their Falcon experience. It enables the platform to work autonomously in the background of the enterprise, thwarting threats when they arise, with minimal human intervention required. Plus, the company's Charlotte AI virtual assistant stands ready to help cybersecurity managers dive deeper into incidents and gain a better understanding of the risks in their digital environments. During its fiscal 2026 first quarter, CrowdStrike generated $1.1 billion in revenue, a 20% increase from the year-ago period. The result was right in line with management's expectations, but there is no denying the company's revenue growth is gradually slowing: A couple of things are at play here. First, CrowdStrike's revenue base is becoming larger as the company matures, so it's difficult to maintain the same rapid growth rates from the past. Second, the cybersecurity giant is still feeling the effects of its major outage last July, which knocked 8.5 million customer computers offline. It offered "customer choice packages" to those affected by the outage, which included discounted Flex subscriptions, and this is temporarily weighing on its revenue. Companies with slowing growth tend to attract lower valuation multiples from investors -- in other words, it can weigh on their stock price (more on this later). On a more positive note, CrowdStrike remains committed to achieving $10 billion in annual recurring revenue (ARR) by fiscal year 2031, implying potential growth of 127% from its Q1 level of $4.4 billion. Since this target was first issued prior to last year's outage, management's continued commitment suggests there should be no long-term impacts from the incident. CrowdStrike stock set a new record high on June 3, only to sink by around 7% in after-hours trading following the release of its Q1 report. The stock is quite expensive, so it can be vulnerable to corrections if the company doesn't knock it out of the park with its financial results. In fact, CrowdStrike is trading at a price-to-sales (P/S) ratio of 28.7, which is substantially higher than the valuations of some of its main rivals in AI-powered cybersecurity: CrowdStrike's premium valuation might have been justified in the past because its revenue was increasing at a significantly faster rate than that of its competitors, allowing it to quickly grow into its elevated P/S ratio. But it no longer has a clear edge in that department -- in fact, Zscaler and SentinelOne both delivered faster top-line growth than CrowdStrike in their recent quarters. I think it will be very difficult for CrowdStrike stock to continue its march higher in the short term, especially since it's already up 34% year to date. But there might be an opportunity here for investors willing to hold the stock for the next six years or so, as it could be cheap at the current level if the company successfully delivers $10 billion in ARR by fiscal 2031. In summary, CrowdStrike stock may be an attractive buy for long-term investors, but those looking for solid gains in the next 12 months or so may be left disappointed. Before you buy stock in CrowdStrike, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and CrowdStrike wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends CrowdStrike and Zscaler. The Motley Fool recommends Palo Alto Networks. The Motley Fool has a disclosure policy. CrowdStrike Stock Is Crushing the S&P 500 in 2025. Is the Artificial Intelligence (AI) Juggernaut Still a Buy? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Microsoft Expands Security Footprint: Is it the Next Revenue Pillar?
Microsoft Expands Security Footprint: Is it the Next Revenue Pillar?

Yahoo

time2 days ago

  • Yahoo

Microsoft Expands Security Footprint: Is it the Next Revenue Pillar?

Microsoft's MSFT aggressive expansion into cybersecurity services is gaining momentum as a potential major revenue driver, with the company recently launching its European Security Program and reporting strong growth metrics in its security customer tech giant now serves 1.4 million security customers globally, with over 900,000 utilizing four or more security workloads, representing 21% year-over-year growth. This customer concentration suggests deepening enterprise relationships and higher revenue per customer, critical indicators for sustainable growth in the security European Security Program, announced in Berlin, offers free AI-based threat intelligence sharing to European governments, including all 27 EU member states. While provided at no cost, this strategic move positions Microsoft to capture future commercial opportunities and establishes the company as a trusted security partner across a significant economic integration of artificial intelligence into security operations appears central to Microsoft's strategy. The company processes 84 trillion daily threat signals and has introduced Security Copilot agents designed to autonomously handle high-volume security tasks. This AI-powered approach could differentiate Microsoft's offerings in an increasingly crowded cybersecurity identity service Entra has reached more than 900 million monthly active users, providing a substantial foundation for cross-selling additional security services. The company's multi-workload customer growth suggests successful expansion beyond basic security offerings into comprehensive enterprise cybersecurity threats intensifying globally and organizations increasing security budgets, Microsoft's expanding security portfolio — leveraging its cloud infrastructure and AI capabilities — positions the segment as a potentially significant revenue contributor alongside its established cloud and productivity businesses. Microsoft's 1.4 million security customers contrast sharply with pure-play cybersecurity specialists. CrowdStrike CRWD focuses on premium enterprise segments, with 48% of subscription customers adopting six or more cloud modules, while 32% utilize seven modules and 22% deploy eight or more modules as of April 2025. CrowdStrike's AI-native Falcon platform directly challenges Microsoft's security offerings, though CrowdStrike maintains superior endpoint protection brand recognition. Palo Alto Networks PANW serves more than 80,000 enterprise customers, pursuing platform consolidation strategies similar to Microsoft's multi-workload approach. Palo Alto Networks continues expanding AI capabilities through acquisitions, yet Palo Alto Networks lacks Microsoft's integrated cloud infrastructure advantages for seamless delivery. The Zacks Consensus Estimate for Microsoft's fiscal 2025 revenues is pegged at $278.8 billion, suggesting 13.47% year-over-year growth. The consensus mark for earnings is pegged at $13.33 per share, indicating a 12.97% year-over-year increase. Microsoft Corporation price-consensus-chart | Microsoft Corporation Quote Find the latest EPS estimates and surprises on Zacks Earnings stock's current valuation of 11.09 times forward sales appears to fully account for near-term growth potential, exceeding the Zacks Computer - Software industry average of 9.16 times. Image Source: Zacks Investment Research Shares of Microsoft have returned 10.1% year to date compared with the Zacks Computer & Technology sector's growth of 0.4%. Image Source: Zacks Investment Research MSFT stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report CrowdStrike (CRWD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Dassault Aviation: Dassault Aviation partners with Tata Advanced Systems to manufacture Rafale fighter aircraft fuselage for India and other global markets
Dassault Aviation: Dassault Aviation partners with Tata Advanced Systems to manufacture Rafale fighter aircraft fuselage for India and other global markets

Yahoo

time2 days ago

  • Yahoo

Dassault Aviation: Dassault Aviation partners with Tata Advanced Systems to manufacture Rafale fighter aircraft fuselage for India and other global markets

Dassault Aviation partners with Tata Advanced Systems to manufacture Rafale fighter aircraft fuselage for India and other global markets (Saint-Cloud, Mumbai, June 5, 2025) - Dassault Aviation and Tata Advanced Systems Limited have signed four Production Transfer Agreements to manufacture the Rafale fighter aircraft fuselage in India, marking a significant step forward in strengthening the country's aerospace manufacturing capabilities and supporting global supply chains. This facility represents a significant investment in India's aerospace infrastructure and will serve as a critical hub for high-precision manufacturing. Under the scope of the partnership, Tata Advanced Systems will set up a cutting-edge production facility in Hyderabad for the manufacture of key structural sections of the Rafale, including the lateral shells of the rear fuselage, the complete rear section, the central fuselage, and the front section. The first fuselage sections are expected to roll off the assembly line in FY2028, with the facility expected to deliver up to two complete fuselages per month. "For the first time, Rafale fuselages will be produced outside France. This is a decisive step in strengthening our supply chain in India. Thanks to the expansion of our local partners, including TASL, one of the major players in the Indian aerospace industry, this supply chain will contribute to the successful ramp-up of the Rafale, and, with our support, will meet our quality and competitiveness requirements", said Eric Trappier, Chairman and CEO of Dassault Aviation. Sukaran Singh, Chief Executive Officer and Managing Director, Tata Advanced Systems Limited, said, 'This partnership marks a significant step in India's aerospace journey. The production of the complete Rafale fuselage in India underscores the deepening trust in Tata Advanced Systems' capabilities and the strength of our collaboration with Dassault Aviation. It also reflects the remarkable progress India has made in establishing a modern, robust aerospace manufacturing ecosystem that can support global platforms.' The signing of these contracts reflects Dassault Aviation's strong commitment to India's 'Make in India' and AtmaNirbhar initiatives. This partnership aims to strengthen India's position as a key player in the global aerospace supply chain while supporting its goal of greater economic self-reliance. * * * ABOUT DASSAULT AVIATION: With over 10,000 military and civil aircraft (including 2,700 Falcons) delivered in more than 90 countries over the last century, Dassault Aviation has built up expertise recognized worldwide in the design, production, sale and support of all types of aircraft, ranging from the Rafale fighter, to the high-end Falcon family of business jets, military drones and space systems. In 2024, Dassault Aviation reported revenues of €6.2 billion. The company has 14,600 employees. ABOUT TATA ADVANCED SYSTEMS LIMITED: Tata Advanced Systems Limited, a wholly owned subsidiary of Tata Sons, is a significant player for aerospace and defence solutions in India. TASL offers a full range of integrated solutions across: Aerostructures & Aeroengines, Airborne Platforms & Systems, Defence & Security, and Land Mobility. Tata Advanced Systems has a strong portfolio of partnerships and joint ventures with leading global aerospace and defence firms, making it an integral partner in the international supply chain and in some instances, a global single source provider for leading aerospace and defence OEMs. With the requisite capabilities, resources and scale, Tata Advanced Systems is equipped to deliver end-to-end innovative solutions throughout the entire aerospace and defence value chain from design to full platform assembly, and is well positioned in areas that include satellites, missiles, radars, unmanned aerial systems, artillery guns, command and control systems, optronics, homeland security and land systems, in addition to aircraft and helicopters. PRESS CONTACTS: Dassault Aviation Corporate Communications Stéphane Fort: +33 (0)1 47 11 86 90 - Mathieu Durand: +33 (0)1 47 11 85 88 - Rafale CommunicationNathalie Bakhos: +33 (0)1 47 11 84 12 - HD photos: videos: Tata Advanced Systems Limited Corporate Communications Sarika Kapoor Chokshi – +91 9223301710 ; skchokshi@ Kamat –+91 92235 29689 ; akamat@ Attachment Press Release_Dassault Aviation partners with TASLError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store