Renault Dives into Military Drone Production with Turgis Gaillard
Renault has announced a partnership with Turgis Gaillard to produce long-range teleoperated military drones. The project, under the supervision of the French Directorate General of Armaments (DGA), plans for the serial production of drones named 'Chorus'.
Renault and Turgis Gaillard will jointly produce long-range teleoperated military drones. The project is supervised by the French Directorate General of Armaments (DGA).
Manufacturing at Renault Facilities
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'Chorus' drones will be mass-produced at Renault's Le Mans and Cléon factories. Renault will implement its automotive industrial methods to ensure mass production at reduced costs.
Prototype Deliveries and Future Contracts
The project plans for prototype deliveries by 2026. Should the trials prove successful, the partnership could lead to a contract worth approximately 1 billion euros over 10 years.
SectorAutomobile et mobilité›Constructeurs automobiles
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 30 252 millions d'euros
Quarterly revenue: 30 252 millions d'euros
Net income: 705 millions d'euros
Free cash flow: 653 millions d'euros
-6 570 millions d'euros
Guidance from the release
Grâce à une exécution rigoureuse, la solidité de nos fondamentaux nous permet de délivrer une rentabilité et un free cash-flow robustes tout en investissant dans notre croissance future.
Risks mentioned
Crise au Moyen-Orient pesant sur les coûts de matières premières, d'énergie et de logistique
Environnement décrit comme difficile par le Groupe pour 2026
Effets de change négatifs : croissance de 9,5 % contre 10,3 % à change constant
Opportunities identified
Accélération de l'électrification : mix électrifié en Europe à 52,0 %, +8,2 points
Ventes de véhicules électriques en hausse de 47,6 %
Croissance à l'international : Inde +61,2 %, Turquie +15,4 %, Maroc +13,7 %, Brésil +5,3 %
Outlook / guidance
Management commentary: A Group operating margin around 5.5% of Group revenue.
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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.
