Paris: Shares in Dassault Aviation shot up over 20 percent on Tuesday on news that the French aerospace giant had sold its Rafale combat jet abroad for the first time with a USD 12 billion deal with India.
Shares rose 22.22 percent in afternoon trade after the French government confirmed the sale of 126 of the multi-role aircraft to India, although certain aspects of the deal still need to be finalised.
The announcement pushed the Paris stock exchange's CAC 40 blue-chip index up 1.50 percent.
French Defence Minister Gerard Longuet warned in December that the Rafale production line would be halted if none of the jets could be sold abroad. France has ordered 180 of the planes.