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

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
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
AB
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
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.
-
Zoopla: House prices slows to 1.4% in May as rate of sales at four year high
The average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.
-
FCA reveals 'once in a generation' advice changes - what the reforms mean for you
Consumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator