Friday close
€299.20
−1.64% Friday · −5.32% five days
Market cap€23.44bn
P/E, TTM23.6×
YTD+9.84%
Price and returns: Aug. 21, 2026 close. Retrieved Aug. 22, 2026, 07:04 CEST.
Dassault Aviation Shares (EPA:AM) Approach Analyst Lowest Estimate as India’s 114-Rafale Bid Moves Forward
Dassault Aviation SA finished the week close to the lowest price target cited by analysts, while India’s 114-Rafale plan advanced in its assessment stage. The stock ended Friday at €299.20, falling 1.64% for the day and slipping 5.32% over the course of the week. Paris markets are shut for the weekend.
Dassault Aviation · EPA:AM
The 114-Rafale headline meets a local-workshare test
The proposal could add scale equal to more than half of the current Rafale backlog. Yet 82.5% of the aircraft are planned for Indian production, leaving pricing and workshare as the key valuation inputs.
Euronext Paris · Market closed
Share performance
India proposal vs. Dassault capacity
Proposed aircraft114
Planned India-built94 · 82.5%
Planned fly-away20 · 17.5%
2026 Rafale delivery target28
Proposal under evaluationNot yet in backlogCabinet approval pending
17-analyst recommendations
Low€300
Average€357.71
High€435
Average target implies 19.6% upside from Friday’s close; low target is 0.3% above it.
First-half operating engine
| Metric | H1 2026 | H1 2025 | Change |
|---|---|---|---|
| Adjusted sales | €4.157bn | €2.847bn | +46% |
| Operating income | €330m | €180m | +83% |
| Order intake | €2.878bn | €8.075bn | −64% |
| Rafale deliveries | 12 | 7 | +71% |
Backlog was €45.36bn at June 30, including 208 Rafales and 83 Falcons.
Week-ahead decision map
Price level€300 analyst floor
Order statusEvaluation → price talks
Value driverIndian workshare
Approval gateCabinet Committee
Execution riskSupply chain
A firm order with disclosed economics would narrow uncertainty. Delay, repricing or more local content would keep the headline count from mapping cleanly to earnings.
India’s Potential 114 Dassault Rafale Orders Seen as Next Key Test for Share Price
New French export figures brought renewed attention to the Rafale order pipeline on Friday. However, shares of Dassault Aviation finished down 1.6% at €299.20. The divergence highlights a key issue for investors: robust interest must still translate into confirmed deals.
Dassault Aviation · EPA:AM
Rafale conversion dashboard
Export demand is strong. The investable question is when proposals become backlog.
€299.20−1.64% Friday
Close: Aug. 21, 2026, 17:35:29 UTC+02:00
5 sessions
−6.15%
Momentum cooled
1 month
+5.50%
Still positive
Backlog
€45.36bn
June 30, 2026
Available cash
€10.10bn
Up 7.3% from year-end
One-month close path · €283.60 to €299.20
52-week range: €260.80–€361.80 · Friday volume: 33,863, or 27% below the 20-session average.
The conversion test
114 jets
India's proposal equals 54.8% of the existing 208-Rafale backlog.
Current aircraft backlog291
Potential total405
StatusNot booked
H1 execution
| Metric | H1 2026 | YoY |
|---|---|---|
| Adjusted sales | €4.157bn | +46.0% |
| Operating income | €330m | +83.3% |
| Operating margin | 7.9% | +1.6 pts |
| Order intake | €2.878bn | −64.4% |
Analyst map
ConsensusBuy
Average target€357.71 · +19.6%
Range€300–€435
Distribution8 Buy · 8 Hold · 1 Sell
Target upside depends on converting India and sustaining delivery gains.
Market data: Yahoo Finance. Operating data: Dassault Aviation. Analyst consensus: Investing.com. India remains a proposal, not guidance.
Skyrocketing Fighter Jet Market 2025: Tech Triumphs and Global Rivalries Fuel a New Arms Race
Introduction: The global fighter jet market is in takeoff mode in 2025, reaching record heights as nations race to modernize their air forces. Defense giants are vying to supply cutting-edge stealth aircraft amid rising geopolitical tensions and increased military spending. Major powers and their allies are pouring billions into new fighters, driven by NATO’s expansion, the U.S.–China rivalry, the Ukraine war, and Indo-Pacific security concerns. In this report, we delve into the key industry players, procurement trends, breakthrough technologies, geopolitical drivers, market size forecasts through the late 2020s, and regional insights spanning North America, Europe, Asia-Pacific, the Middle East, and Latin America. The fighter jet arms race is accelerating – and it’s reshaping both the defense industry and global power balances.
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