Analysts disappointed by BAE contract loss to Dassault

Fitch Ratings has spoken out about the Indian government's decision to select Dassault Aviation over UK defence contractor BAE Systems for a major contract, saying the competition underlines the increasing importance of emerging markets in this space.

Fitch Ratings has spoken out about the Indian government's decision to select Dassault Aviation over UK defence contractor BAE Systems for a major contract, saying the competition underlines the increasing importance of emerging markets in this space.

"The deal demonstrates the growing importance of emerging markets to the defence industry in developed markets at a time when their domestic revenue base is under pressure as a result of widespread fiscal constraints," the agency said.

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