Latest news with #DassaultAviationSA
Bloomberg
15-05-2025
- Business
- Bloomberg
China's Defense Industry Is Getting a DeepSeek Moment
In investing, narratives can matter a lot more than earnings or cash flow analysis. Pakistan is certainly spinning a good story about China's defense industry. Its army said it used Chinese J-10C planes to shoot down five Indian jets, including three Rafales, a MIG-29 and an Su-30. Rafales are made by France's Dassault Aviation SA, while the other two were imported from Russia. India's government has not confirmed or denied Islamabad's claim and evidence remains inconclusive.
Bloomberg
16-04-2025
- Politics
- Bloomberg
India's Military Is Unprepared For a Dangerous Future
India's purchase of 26 Rafale jets from France's Dassault Aviation SA cannot conceal the fact that its military is sleepwalking into a crisis. Strategic indecision and an addiction to short-termism have left its armed forces unprepared for the challenges ahead. The new planes will certainly fill an obvious gap in the military's needs — its two aircraft carriers are dependent on 40 elderly Russian-made MiG-29Ks, of which perhaps half are reportedly serviceable at any given time. But instead of solving India's problems of preparedness, this decision actually reveals their daunting scale.
Bloomberg
19-03-2025
- Business
- Bloomberg
Fighter Jet Fury Makes Macron's Planes Look Good
Can Europe rearm without America? It's a question that nobody was asking a few years ago, when Russia's invasion of Ukraine prompted a €100 billion ($109 billion) German splurge on US-made F-35 fighter jets and Boeing Co. helicopters. Between 2020 and 2024, the US accounted for almost two-thirds of European arms imports; France, with its pride in more home-made kit like the Dassault Aviation SA Rafale plane, has been a Gaullist outlier. Donald Trump's antics have since made Emmanuel Macron's approach — which includes buying more Rafales — look good. The US president has insulted continental allies. He's imposed tariffs and threatened to tear up defense commitments while scrambling to seal a Ukraine deal. Several countries are now reviewing F-35 orders, both because of optics and deeper concerns about reliance on an increasingly unpredictable hegemon. The idea that Trump could deactivate allies' weapons systems is no longer impossible, think tank EUISS recently said, giving added urgency to European Union plans to reduce ' excessive ' import dependencies.
Euronews
03-03-2025
- Business
- Euronews
European markets kick off week buoyant on defence spending expectations
European markets started the week on an optimistic note on Monday, with Britain's FTSE 100 index up around 0.9%, and the STOXX 600 index 1.3% higher. Germany's DAX rose around 3% on Monday, with France's CAC 40 index inching up around 1.6% in the afternoon. The rally followed a heated argument between US president Donald Trump and Ukrainian president Volodymyr Zelenskyy on Friday in the White House's Oval Office. The US leader is pushing for a swift end to the war, while Zelenskyy fears that a ceasefire without US security guarantees could leave his country exposed. The argument resulted in a planned rare earth minerals deal between the two nations remaining unsigned, while also casting doubt on the US' intentions to continue helping Ukraine in its war with Russia. 'You either make a deal or we are out,' Trump told Zelenskyy, making it clear that Ukraine cannot rely on the US' unwavering support. Trump added in a post on his Truth Social Platform on Friday: 'I have determined that President Zelenskyy is not ready for Peace if America is involved, because he feels our involvement gives him a big advantage in negotiations. I don't want advantage, I want PEACE. He disrespected the United States of America in its cherished Oval Office. He can come back when he is ready for PEACE.' European support for Ukraine Following the meeting in the Oval Office, European leaders held a summit in London on Sunday, led by French President Emmanuel Macron and UK Prime Minister Keir Starmer. Starmer said Europe must do the 'heavy lifting' with regards to defence spending in Ukraine, although called for 'strong US backing'. The prospect that Europe will work towards lifting its military spending is drawing investors to defence stocks. French aerospace and defence company Thales saw its stock soar 15% on Monday afternoon, with Dassault Aviation SA jumping 16.7%. Italian aerospace and defence company Leonardo saw its stock rise 14.9% on the Milan Stock Exchange on Monday afternoon as well, with Germany's Rheinmetall AG rising 14.4% during the same period. European bond yields also rose on Monday on the prospect of greater defence spending and a drop in inflation that was less dramatic than expected. The benchmark 10-year German Bund was up around 0.13 percentage points at 2.5% on Monday afternoon. Headline year-on-year inflation in the eurozone fell from 2.5% to 2.4% in February, higher than the forecasted 2.3%.
