Dassault Aviation Raises Revenue Forecast for 2025
The French aerospace manufacturer announced on January 7 that it now anticipates its 2025 revenue to exceed 7 billion euros, according to a statement released late in the day.
The group delivered 26 Rafale fighter jets in 2025, including 15 for export and 11 to France, slightly exceeding the initial forecast of 25 aircraft. This volume represents an increase compared to the 21 Rafales sold in 2024, with 14 for the French forces and 7 for foreign clients. In the business jet segment, 37 Falcons were delivered to customers, a figure slightly below the target of 40 units set at the beginning of the year. However, this number is still an increase from the 31 Falcons delivered in the previous year, the statement indicates.
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The manufacturer recorded 26 orders for Rafale jets intended for export in 2025, down from 30 the previous year. As of December 31, 2025, the total order book showed 220 Rafales, with 175 for export and 45 for France. This level remains the same as at the end of 2024, although the distribution has changed from 164 aircraft for export and 56 for France at that time. On the business jet side, 31 Falcons were ordered during the past year, an increase from the 26 orders in 2024. The Falcon order book stands at 73 units at the end of December 2025, down from 79 a year earlier, according to data provided by the group.
Upcoming Financial Results Announcement
Dassault Aviation will publish its complete annual results on March 4, 2026, including the definitive euro amount of revenue as well as order intake and the order book. These figures, which remain unaudited by the auditors at this stage, will provide a detailed appreciation of the aircraft manufacturer's financial performance. As a reminder, the group achieved a revenue of 6.2 billion euros in 2024, with a workforce of 14,600 employees. Dassault Aviation operates in two main segments: the Rafale combat aircraft and the Falcon business jets, supplemented by activities in military drones and space systems.
SectorAéronautique et Défense›Aéronautique / spatiale
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 4 157 millions d'euros
Quarterly revenue: 4 157 millions d'euros
Revenue growth: 45,7 %
Net income: 361,6 millions d'euros
-10 099 millions d'euros
Guidance from the release
La guidance 2026 est inchangée : chiffre d'affaires 2026 en hausse
Risks mentioned
Carnet de commandes en léger repli (45,4 Md€ vs 46,6 Md€) malgré la livraison de 23 Falcon au S1 2026
Arrêt du programme SCAF/NGF en coopération franco-allemande, avec alternative à définir
Réduction des prises de commandes Défense (1 024 M€ vs 7 172 M€) liée à l'absence de nouvelle grande commande Rafale
Opportunities identified
Accélération de la livraison de Rafale Export : 12 Rafale livrées au S1 2026 (10 Export + 2 France) vs 7 au S1 2025
Négociation pour contrat de 114 Rafale avec l'Inde (Decision d'entrer en négociation gré à gré)
Programme Falcon 10X en phase d'essais en vol depuis juin 2026, entrée en service prévue 2029
Outlook / guidance
Expected revenue: 8 500 millions d'euros
Management commentary: chiffre d'affaires 2026 en hausse par rapport à celui de 2025, classe 8,5 milliards d'euros (dont la livraison de 40 Falcon et 28 Rafale)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.