Calepin des entreprises international 2026 VA.pdf — page 49

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Business trends
	
 Dassault Aviation adjusted revenues reached €6,230 million in 2024, up 29.8% year-on-year. Revenues in the 
Defence division grew by 33.1% year-on-year, thanks to higher deliveries of Rafale fighter aircraft (21 units in 
2024, compared with 13 in 2023). Deliveries of Falcon business jets also increased (31 units in 2024, compared 
with 26 in 2023).
	
 The group’s order book stood at €43.2 billion at the end of 2024, up 11.2% year-on-year. It mainly consisted of 
defence orders (88.4% in value) and included 220 new Rafale fighter aircraft, of which 164 are to be delivered 
overseas and 56 to France (compared with 141 and 70 respectively at the end of 2023). In France, the order 
book also included the future Albatros (7 units) and Archange (3 units) mission aircraft, the Ravel (Rafale), 
Balzac (Mirage 2000) and Océan (ATL2) MRO contracts, the upgrading of the Rafale F3R to the F4.1 standard 
and phase 1B of the FCAS demonstrator (in partnership with Airbus and Indra Sistemas).
	
 The group inaugurated a production site in Cergy (in the Paris region) in September 2025. This new facility 
is intended to take over most of the activities of the former Argenteuil factory, located nearby (assembly of 
front fuselage parts and skins for the Falcon and Rafale fighter aircraft, fitting out of the Rafale fuselage and 
production of metal piping).
	
 For 2025, Dassault Aviation expects a new increase in revenues, mainly driven by the delivery of 25 Rafale and 
40 Falcon aircraft.
Home market
	
 Dassault Aviation generated 32% of its turnover in France in 2024, a share wich remained stable year-on-year 
due to the large number of Rafale deliveries during the year (14 units, compared to 11 in 2023).
	
 The future Falcon Archange intelligence aircraft made its maiden flight in July 2025. It is scheduled to enter 
service in 2027.
	
 The French defence procurement agency (DGA) ordered five Falcon Albatros maritime and patrol 
reconnaissance aircraft from Dassault Aviation in October 2025, bringing the number of aircraft ordered since 
2020 to 12. The first delivery is scheduled for 2026.
Export markets
	
 In January 2025, Dassault Aviation completed deliveries of Rafale aircraft to Greece (24 aircraft ordered in 
2020 and 2022, including 12 new and 12 second-hand units).
	
 In January 2025, the group also presented its first Rafale F4 for the United Arab Emirates (80 units ordered). 
The aircraft will undergo testing at Dassault Aviation’s Flight Test Centre in Istres (in southeastern France). 
The first deliveries are scheduled for the end of 2026.
	
 In April 2025, India formalised its order for 26 Rafale F4 Marine aircraft for an estimated €6.5 billion. 
The contract also provides for the integration of the Astra Mk1 air-to-air missile (Bharat Dynamics), as well as 
the establishment in India of fuselage production facilities (in partnership with Tata Advanced Systems Ltd) 
and MRO centres for engines, sensors and weapons. MRO activities will be carried out by a future subsidiary, 
named Dassault Aviation MRO India (DAMROI) and based in Noida. Deliveries are expected to take place 
between 2028 and 2030.
	
 In April 2025, Dassault Aviation began deliveries to Egypt of the 31 Rafale aircraft ordered in 2021. A contract 
worth an estimated €300 million could also be signed for the maintenance of the 23 Rafale aircraft already in 
service with the Egyptian Air Force.
Technology and Innovation
	
 The group’s self-financed R&D expenditure amounted to €437 million in 2024, representing 7% of revenues.
	
 In June 2025, the French Ministry of Armed Forces awarded a €30 million funding for the development of the 
future dual-use VORTEX reusable space aircraft (surveillance, scientific research, institutional services, etc.).
DASSAULT AVIATION
STRATEGIC HIGHLIGHTS