Dassault Reports Strong Growth, Still Pursues Rafale Leads in Canada, Qatar, Malaysia

• Dassault Aviation reported 16.4% Y/Y growth with 2013 sales at 4.59 billion euros ($6.4B). Defense accounts for 31% of total revenue, though 87% of that comes from just France. The recent workshare deal with HAL in India, confirmed by Dassault CEO Eric Trappier, should change this dramatically in years to come. In the meantime and in stark contrast, Falcon business jets – the remaining 69% of the company’s revenue – are mostly an export story. PDF | Video.

US Business

• Lockheed Martin continues its push into the energy market with the acquisition of Industrial Defender, a provider of cyber security solutions used in the petrochemical and utility world.

• If you’re still wondering why US defense programs tend to be so expensive, the number and complexity of contract clauses and regulatory references in this amendment [PDF] to the US Navy’s solicitation for LCS planning yard design services should set things straight.