Shares of Dassault Aviation will remain in focus after the Rafale fighter jet brand owner partnered with Tata Advanced Systems Ltd to manufacture and set up the first ever fighter aircraft in India. Shares of Dassault Aviation have risen 64 per cent year to date.
On Thursday, June 5, the defence stock opened at €315.40 on the Paris stock exchange and currently trades 1.52 per cent higher at €321.20 on the index.
Dassault Aviation and Tata Advanced Systems Limited have signed four Production Transfer Agreements to manufacture the Rafale fighter aircraft fuselage in India, marking a significant step forward in strengthening the country’s aerospace manufacturing capabilities and supporting global supply chains. This facility represents a significant investment in India’s aerospace infrastructure and will serve as a critical hub for high-precision manufacturing.
Under the scope of the partnership, Tata Advanced Systems will set up a cutting-edge production facility in Hyderabad for the manufacture of key structural sections of the Rafale, including the lateral shells of the rear fuselage, the complete rear section, the central fuselage, and the front section.
