Hexcel Corporation announced that it has completed the first full‑scale roll‑out of the Falcon 10X composite wing for Dassault Aviation’s new business‑jet program, marking a key milestone in the company’s long‑standing partnership with the French manufacturer.
The Falcon 10X is the first business jet to feature an all‑composite wing, built from Hexcel’s advanced M21E/IMA prepreg material. The prepreg provides superior stiffness, fatigue resistance and a 15‑20 % weight reduction compared with traditional aluminum, enabling the aircraft to achieve higher cruise speeds and longer range while keeping operating costs low.
Hexcel was selected in 2022 to supply the structural prepregs for the Falcon 10X program, and the recent roll‑out comes after years of joint development. Dassault originally announced the aircraft in May 2021 with a target service entry in late 2025; certification delays have pushed the first deliveries to the end of the decade, making this milestone a critical step toward production ramp‑up.
Hexcel’s Q4 2025 results showed net sales of $491.3 million and an adjusted diluted EPS of $0.52, beating analyst expectations by $0.02. The company’s 2026 revenue guidance of $2.0‑$2.1 billion and EPS guidance of $2.10‑$2.30 reflect confidence that the Falcon 10X program will contribute incremental revenue as production scales. The incremental revenue from the wing is expected to support the company’s broader commercial aerospace growth while maintaining its defense and space drivers.
Management highlighted the strategic importance of the partnership, noting that the composite wing “demonstrates Hexcel’s expertise in lightweight, high‑performance materials and reinforces our position as a key supplier for advanced aircraft.” The milestone also aligns with Hexcel’s broader strategy to expand its presence in the high‑margin business‑jet market, a segment that has shown resilient demand amid broader commercial aviation uncertainty.
Analysts have responded positively to the announcement, with Morgan Stanley upgrading Hexcel from underweight to equal weight and raising its price target to $90, and Bank of America upgrading the stock from underperform to neutral with a $95 target. These upgrades reflect confidence in Hexcel’s technology leadership and the expected revenue upside from the Falcon 10X program.
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