India selects Dassault's Rafale as next generation interceptor

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.

By MoneyWeek

published 31 January 2012

in Features

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.

MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free

https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.