By Mauro Orru
Dassault Aviation shares slumped Monday after the French aircraft manufacturer delivered fewer Rafale and Falcon jets than it had expected last year, with supply-chain snags continuing to weigh on output.
The group said late Friday that it had dispatched 13 of its Rafale fighter jets and 26 Falcon business jets to customers last year, below guidance of 15 Rafales and 35 Falcons.
Aircraft makers have been grappling for months with supply-chain challenges that have made it harder to procure some spare parts and raw materials.
“The figures highlight the ongoing challenging aerospace supply chain environment, in our view, with both Falcon business jet and Rafale combat aircraft deliveries falling short of guidance,” Berenberg analysts wrote in a research note.
At 0900 GMT, Dassault Aviation shares traded 5.7% lower at EUR178.90. The stock was at roughly EUR153.00 in mid-January last year.
Last year, the group booked 60 Rafale orders, of which 42 from France and from 18 Indonesia, compared with 92 in 2022. For the Falcon, the company reported 23 orders compared with 64 in 2022.
Dassault Aviation’s backlog at the end of the year consisted of 211 Rafale and 84 Falcon jets.
Write to Mauro Orru at mauro.orru@wsj.com
