Aequs doubling Rafale output aiming to triple annual sales by 2020
June 23, 2017
LE BOURGET, France — Aequs announced it is doubling the output of the Rafale fighter jet to help reach its goal of tripling annual sales to $300 million by 2020, said Aravind Melligeri, chairman and CEO of the Indian precision engineering company.
Aequs will double present turnover of $500,000 on each Rafale due to increased production of the twinjet fighter, he told Defense News at the Paris Air Show.
“That’s good for us,” he said. “Our goal is to be a core machining activity. We want to be a global player.”
Aequs supplies machined parts to Dassault from France, where the subcontractor has four factories, said Melligeri, whose office is in Spring, Texas.