On Tuesday, Dassault Aviation stock was trading nearly a percent higher at 267.60 euros. The jet maker stock has been under performing lately as it has descended over 6.32% in a month and 17.18% in past six months.

Rafael fighter jet maker Dassault Aviation stock rises amid France-Ukraine defence deal buzz

Dassault Aviation Stock Sees 1.5% Rise Amid Ukraine Meeting

The stock price of French aerospace company Dassault Aviation, maker of the Rafael fighter jet, witnessed a surge of up to 1.5% on Tuesday, December 2, following a meeting between Ukrainian President Volodymyr Zelenskyy and Éric Trappier, Chairman and CEO of the company.

As of Tuesday, Dassault Aviation stock was valued at 268.20 euros. Despite the current uptick, the stock has seen a decline of 6.32% in the past month and 17.18% over the past six months.

However, the stock has shown significant growth, with a gain of nearly 41.47% in the last year and multibagger returns of 183% in the last five years.

What's Behind the Surge?

Ukrainian President Volodymyr Zelenskyy held a meeting with Éric Trappier, Chairman and CEO of Dassault Aviation, on Monday, December 1, at the company's production facilities.

According to Ukraine's official website, Éric Trappier showcased the company's military aircraft capabilities, primarily the Rafale multirole fighter aircraft. The discussion covered potential cooperation areas, including the framework of a declaration signed on November 17 by the Presidents of Ukraine and France, as well as the possibility of localization in Ukraine.

Promising Areas of Cooperation

Localization in Ukraine
Cooperation within the framework of the declaration signed on November 17 by the Presidents of Ukraine and France

Disclaimer

This story is for educational purposes only and not intended to be investment advice. Investors are advised to consult certified experts before making any investment decisions.