Dassault Aviation SA

AM: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Strong Outlook for Dassault Aviation on Record Defense Backlog and Export Delivery Acceleration

Loredana Muharremi

Dec 2, 2025

Business Strategy and Outlook

Dassault Aviation maintains a portfolio balanced between civil (38% of 2025 revenue) and defense (62%) aviation. Its outlook is supported by a record defense backlog, early signs of recovery in business jet demand, and a growing aftermarket base.

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Dassault Aviation SA

Strong Outlook for Dassault Aviation on Record Defense Backlog and Export Delivery Acceleration

Business Strategy and Outlook

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