Groupe Dassault consists of several enterprises beyond Dassault Aviation, including Dassault Systèmes, Le Figaro (media and services), Immobilière Dassault (real estate), Dassault Wine Estates (including Saint-Émilion, France-based Château Dassault), and Artcurial (auction house).

Edelstenne rose to lead the French conglomerate on May 28, 2018, following the death of Serge Dassault. Trappier comes into the position having longtime experience with the company. He served as executive vice president, international directorate, leading the company’s successful bid to sell the Mirage 2000-9 fighter to the United Arab Emirates in 1998, as well as the selection of the Rafale fighter following India’s Medium Multirole Combat Aircraft RFP in 2012.

Trappier graduated from Telecom SudParis academy for engineers and then served in the French Navy as an officer. He joined Dassault Aviation in 1984 as a systems engineer in the business unit’s design department. Currently, he also serves as chairman of Dassault Falcon Jet, and he’s a member of the French Légion d’Honneur and Knight of the Ordre National du Mérite.

Dassault Aviation certified the Falcon 6X in 2023 under Trappier’s leadership and continues development of the Falcon 10X with certification anticipated in 2025.

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The French company reported net income of about $757.8 million, or $9.12 per share, compared with $640.5 million, or $7.70 per share, during the previous year. Sales decreased to $7.35 billion from $7.67 billion during 2021.

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“Supply chains, particularly in the aviation sector, have been affected by successive crises: war and the consequences of sanctions as well as other geopolitical tensions and the lingering COVID-19 crisis, have led to shortages of components and raw materials, the return of inflation, rising energy prices and fears over energy supply,” the company said in a statement. “These crises have destabilized our suppliers, directly impacting our supplies, production, and development.”

However, Dassault also said that except for a slowdown near the end of the year, the business jet market was strong during 2022, which helped drive orders for its Falcon jets. The company also benefited from military orders for its Rafale fighter that accounted for much of its record order volume by year’s end.

Dassault said orders totaled $22.17 billion in 2022 compared with $12.78 billion a year earlier. Military orders accounted for $18.53 billion of the 2022 total and $9.70 billion in 2021.

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