Dassault Aviation SA

AM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€291.00	Wlkc	Zznwddfq

Dassault Earnings: Defense Momentum Continues Amid Supply Chain Issues; Strong Free Cash Flow

Loredana Muharremi

Jul 24, 2024

Wide-moat Dassault reported a mixed set of results. While defense orders remain strong, Falcon orders saw a slight decrease, and supply chain issues continue to impact deliveries. However, Dassault reported an increase of 21% in available cash from EUR 7.3 billion at the end of 2023 to EUR 8.8 billion by the first half of 2024, mainly the result of advance payments received under Rafale Export contracts.

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