Dassault Aviation and OHB Team Up to Offer Vortex-S Spaceplane to ESA
Dassault Aviation and OHB announce their partnership to propose a versatile spaceplane named VORTEX-S to the European Space Agency. This aircraft will be capable of making round trips to space stations and conducting autonomous orbital missions.
Dassault Aviation and OHB have joined forces to propose to the European Space Agency (ESA) a versatile spaceplane capable of making round trips to space stations and conducting autonomous orbital missions, in collaboration with other European partners.
Dassault Aviation will serve as the architect of VORTEX-S and the overall integrator of the spaceplane, while OHB will act as the architect and integrator of the service module. Discussions are ongoing with other major European space companies to expand the project team.
Statements from Both Groups
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Eric Trappier, CEO of Dassault Aviation, stated: 'With the VORTEX-S proposed to ESA, we aim to enhance Europe's space capabilities. Our German friends at OHB are natural partners to join this project, bringing their remarkable expertise.'
Marco Fuchs, CEO of OHB, added: 'The VORTEX-S for ESA is an ambitious initiative, driven by the need for autonomous space transport capabilities in Europe. The partnership with Dassault Aviation is ideal: as high-tech family businesses, we share the same vision and bring complementary strengths to the development of a reusable spaceplane.'
The Expertise of Both Partners
Dassault Aviation has recognized expertise in the development of highly complex systems, ranging from platforms such as the Rafale fighter jet to the Falcon family of business jets, as well as its participation in the Hermes spaceplane program and the IXV atmospheric reentry demonstrator. OHB employs about 4,000 highly skilled workers in Europe and internationally, with three main branches of products and services: Space Systems, Space Access, and Digital.
Le Rafale a confirmé son succès en 2025, avec la livraison du 300 ème Rafale et la commande de 26 Rafale par la Marine indienne.
Dassault Aviation présente des résultats 2025 conformes à l’évolution attendue: chiffre d’affaires consolidé IFRS de 7 426 millions d’euros, résultat opérationnel consolidé IFRS de 639 millions d’euros, résultat net consolidé IFRS de 977 millions d’euros et marge nette consolidée IFRS de 13,2%. Trésorerie disponible à 9 415 millions d’euros. Carnet de commandes consolidé à 46 596 millions d’euros et ratio book-to-bill de 1,5x. Dividendes proposés de 4,78 euros par action (payout d’environ 35%). Pour 2026, le chiffre d’affaires est anticipé autour de 8,5 milliards d’euros avec 40 Falcon et 28 Rafale prévus.
Risks mentioned
Incertitudes liées aux contextes militaires, géopolitiques et budgétaires, couplés aux droits de douane et à l’incertitude sur le SCAF.
Pression fiscale dégrade la compétitivité de la Société.
Incertitudes liées au droit de douane américain au 1er semestre 2025 et à l’évolution du Make in India.
Opportunities identified
Progression possible grâce au Make in India et à la coopération avec des partenaires indiens (DRAL, Tata Advanced Systems).
Poursuite du développement et de la modernisation des programmes Rafale/Falcon et du SCAF, ARCHANGE et ALBATROS; potentiel d’accroître les exports.
Partenariats pour une IA souveraine et maîtrisée avec AMIAD, Thales (cortAIx) et Harmattan AI.
Outlook / guidance
Expected revenue: 8,5 milliards d'euros (2026)
Management commentary: La prévision pour 2026 prévoit un chiffre d’affaires en hausse par rapport à 2025, à 8,5 milliards d’euros, soutenu par les livraisons prévues de Rafale et Falcon (40 Falcon et 28 Rafale).
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