Airbus CEO says momentum in aviation industry 'very strong' despite fall in aircraft orders
CNBC's Phil LeBeau is joined at the Paris Air Show by Airbus CEO Guillaume Faury to discuss his outlook for the event, the development of a new A320 model, and the company's intention to ramp up production in the U.S. and elsewhere.
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Business Upturn
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- Business Upturn
Support from the Ministry of the French Armed Forces for the development of Dassault Aviation's VORTEX spaceplane demonstrator
Support from the Ministry of the French Armed Forces for the development of Dassault Aviation's VORTEX spaceplane demonstrator (Saint-Cloud, June 20, 2025) – At the Paris Air Show today, Sébastien Lecornu, Minister of the French Armed Forces, and Eric Trappier, Chairman and CEO of Dassault Aviation, announced the signing of an agreement to support the development of a spaceplane demonstrator. This demonstrator represents the first step in an incremental and intrinsically dual roadmap for the development of a family of spaceplanes called VORTEX (Véhicule Orbital Réutilisable de Transport et d'Exploration). In line with its key role in national aeronautical sovereignty, Dassault Aviation is building this roadmap to contribute to the development of key strategic capabilities and meet the new challenges of the space economy. It addresses multiple applications, including transport to and from orbit, and civil and military missions for an autonomous orbital platform. Drawing on Dassault Aviation's solid and recognised industrial expertise as an architect and integrator of complex airborne systems, reinforced by that acquired in the space sector on such emblematic projects as Hermès, the X-38 and the IXV, this demonstrator aims to validate the critical performances associated with the configuration of a spaceplane, in particular control of hypersonic flight, advanced thermal protection technologies and flight control. These demonstration objectives are an essential step in reducing technological uncertainties and preparing for future decisions on operational space capabilities, both military and civilian. By adopting an agile innovation approach aimed at accelerating the maturation of critical technologies and disruptive concepts, Dassault Aviation is embracing the spirit of NewSpace, optimizing industrial processes and seeking the optimum balance between technical performance, development time, risk mitigation and cost efficiency. ' Like Dassault Aviation's civil and military aircraft, the VORTEX spaceplane is designed to be highly versatile. It will contribute to transforming the uses of the space sector and opening up new fields of application . At the crossroads of aviation and space technologies, the VORTEX will undoubtedly pave the way for a new generation of space aeronautics, consolidating France's strategic position as a leading space power. Dassault Aviation is proud to take on this historic challenge and thanks the French Ministry of Armed Forces for its confidence. ' said Eric Trappier. * * ABOUT DASSAULT AVIATION: With over 10,000 military and civil aircraft (including 2,700 Falcons) delivered in more than 90 countries over the last century, Dassault Aviation has built up expertise recognized worldwide in the design, production, sale and support of all types of aircraft, ranging from the Rafale fighter, to the high-end Falcon family of business jets, military drones and space systems. In 2024, Dassault Aviation reported revenues of €6.2 billion. The company has 14,600 employees. PRESS CONTACTS: Corporate Communications Stéphane Fort: +33 (0)1 47 11 86 90 – [email protected] Mathieu Durand: +33 (0)1 47 11 85 88 – [email protected] Defense Communication Nathalie Bakhos: +33 (0)1 47 11 84 12 – [email protected] HD photos: HD videos: Attachment PR_Dassault Aviation Vortex GB Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Business Insider
29 minutes ago
- Business Insider
Accenture is giving consulting a new name as it doubles down on AI: 'reinvention services'
After more than 35 years in the business, Accenture is giving consulting a new name: "reinvention services." The global consulting firm reported its earnings on Friday, highlighting a generally positive performance for the third fiscal quarter of 2025. The firm reported revenue of $17.7 billion, an 8% increase from this time last year. While new bookings were down 6% compared to the third quarter in 2024, Accenture CEO Julie Sweet told CNBC on Friday that the firm was "really pleased" with its bookings and that demand for its services could be seen in its revenue. Sweet said on the earnings call that AI is the firm's strongest bet for creating new demand and that to maximize AI's potential, the firm is consolidating its strategy, consulting, song, technology, and operations services into a single unit known as "reinvention services," starting September 1. "What we're going to do now is make it even easier to bring those solutions, embed data and AI, so we can really scale across our client base and into new markets using our reinvention services," Sweet told CNBC. What consultants do sometimes needs to be explained, and "reinvention services" is no exception. In both her CNBC interview and the earnings call on Friday, Sweet shared several examples of the company's AI-powered reinvention work, which — following its reorganization — the firm will be able to execute more efficiently, she said. In one example, she said Accenture is working with Italian shipbuilding company Fincantieri to launch the first AI-powered ship in 2025. Sweet told CNBC that the ship will be able to "predict its maintenance, manage its energy use on its own, and talk to the dock" before it arrives at its destination. She said Accenture's work to modernize the manufacturing process for Bel, maker of Laughing Cow cheese, would also fall under this new department, as would its collaboration with Brazilian mining company Vale to expedite environmental licensing and permits. She also said the firm is creating AI-generated 3D avatars of physical products for coffee brands like Nescafé, Dolce Gusto, and Nespresso to reduce the time and cost of developing marketing campaigns, which would also fall under the new reinvention services department. Sweet told CNBC that AI can be a "tool" to help companies navigate the future, but to reap the benefits, it will also need to be "disruptive."
CNBC
33 minutes ago
- CNBC
Watch CNBC's full discussion with Wharton professor of finance Jeremy Siegel
Jeremy Siegel, Wharton School professor of finance and Wisdom Tree chief economist, joins CNBC's 'Closing Bell' to discuss market outlooks.
