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Wednesday 25 October, 2017

Dassault Aviation

Dassault Aviation: Arbitral award on a commercial dispute

Dassault Aviation: Arbitral award on a commercial dispute

 

Arbitral award on a commercial dispute

Saint-Cloud, France, October 25, 2017

Dassault Aviation has taken note of the arbitral award notified on October 25, 2017 in relation to a commercial dispute, mentioned in its Annual Report, between the Republic of China and a group of three French industrial companies, among which Dassault Aviation.

This award, concerning a contract signed in 1992, leads to financial findings against the companies.

The total amount of the award, including interest, is € 227 million. Dassault Aviation's share amounts to € 134 million.

The industrial companies are considering the steps to be taken following this decision.

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About Dassault Aviation
With over 10,000 military and civil aircraft delivered in more than 90 countries over the last century, Dassault Aviation has built up expertise recognized worldwide in the design, development, sale and support of all types of aircraft, ranging from the Rafale fighter, to the high-end Falcon family of business jets and military drones. In 2016, Dassault Aviation reported revenues of €3.6 billion. The company has 12,000 employees.

www.dassault-aviation.com                                                                   Twitter: @Dassault_OnAir

Press contacts:

Corporate Communications
Stéphane Fort
Mathieu Durand
Tel: +33 (0)1 47 11 86 90
Tel: +33 (0)1 47 11 85 88
[email protected]
[email protected]




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Source: Dassault Aviation via Globenewswire


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