October 24, 2014 11:12 PM ET

Aerospace and Defense

Company Overview of DCNS S.A.

Company Overview

DCNS S.A. designs, builds, and supports submarines and surface combatants, and associated systems and infrastructures for naval shipyards and bases worldwide. Its surface combatants include mine warfare, maritime surveillance systems, force projection vessels, frigates, offshore patrol cutters/corvettes, combat systems and equipment, command support systems, helicopter landing grids, underwater weapons, maritime security products, tactical data links, platform systems and equipment, and propulsion systems. The company provides platform systems and equipment, which include snorkel masts, steering gear systems, sea water heat exchangers, hull shutoff and exhaust valves, stern glands, watertigh...

40-42, rue du docteur Finlay

Cedex 15

Paris,  75732

France

Founded in 1631

Phone:

33 1 40 59 50 00

Fax:

33 1 40 59 56 48

Key Executives for DCNS S.A.

Chairman and Chief Executive Officer
Age: 59
Chief Operating Officer
Senior Vice President of Surface Ships & Naval Systems Division and Member of Executive Board
Deputy Managing Director
Senior Vice President of Submarines Division and Member of Executive Board
Compensation as of Fiscal Year 2014.

DCNS S.A. Key Developments

AAlstom SA ansd DCNS Team Up in Floating Wind Energy Field

The renewable energy unit of Alstom SA and the marine energy and infrastructure division of naval shipbuilder DCNS entered into a partnership agreement with regard to the project called SEA REED. The goal of the alliance is to be able to manufacture by 2017 a 6-MW machine combining Alstom's Haliade 150 offshore wind turbine and a semi-submersible floating system developed by DCNS. As part of the collaboration, Alstom will conduct studies to adapt and integrate the Haliade platform with the floating system. At the same time, DCNS will look into the behaviour, sizing, industrialisation and installation of the machine. The scheme is backed by EUR 6 million (USD 7.6 million) in funds from the French Environment and Energy Management Agency (ADEME). The financing is being provided to cover the initial study and certification phase.

Herve´ Guillou Becomes Chairman & Chief Executive Officer of DCNS S.A

French President Franc¸ois Hollande has ratified the proposal of the DCNS Board of Directors to appoint Herve´ Guillou as Chairman of the Group's Board of Directors and to delegate to Herve´ Guillou becomes Chairman & Chief Executive Officer of DCNS. From September 2012 until January 2014, Herve´ Guillou was Senior Advisor Defence & Security at EADS. He was appointed Chairman & Chief Executive Officer of DCNS on 23 July 2014.

DCNS Reports Earnings Results for the First Half of 2014

DCNS reported earnings results for the first half of 2014. The company reported revenue of EUR 1,416 million, operating profit before impact of PPA of EUR 37 million against revenue of EUR 1,615 million, operating profit before impact of PPA of EUR 94 million a year ago. The decrease in revenue compared with the figure for the same period of last year is attributable in particular to billing cycles, with several major milestones scheduled for the second half of the year, and a change to the delivery schedule on the Brazil programme.

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