The Indian government has this afternoon announced the selection of Dassault Aviation's Rafale jet-fighter as its next generation combat aircraft, according to a statement released by Dassault. The French outfit, which counts EADS as one of its major shareholders, thus seems to have beat the Eurofighter consortium's 'Typhoon', of which BAE Systems is a member.
Writing in the weeks before the announcement some analysts had highlighted that the contract was only worth up to £6.4bn, so that in reality it would only increase the companys earnings per share by 1% to 2%. Nonetheless, it was thought that it might boost sentiment in shares of the firm.
The company's shares have closed 1.0% lower today, at 307.8p.
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