Daher Reports Good Financials, Focuses on Aerostructures
The manufacturer of the TBM 900 has dropped the Socata name and enjoying good financial performance supported by aerostructures work.
The long-term success of the TBM series has served Daher well, and despite the challenge of a strong dollar, sales continue apace. Daher has undertaken a retrofit project for early TBM 700s including a Garmin G600 retrofit panel including synthetic vision and a GTN 750 navigator.

Daher (formerly Daher-Socata, static display X114) is here exhibiting a TBM 900 turboprop single, while promoting Garmin G600 cockpit retrofits for older versions. Separately, the Tarbes, France-based company is touting its aerostructure business, supplying major subassemblies for Dassault, Embraer and Gulfstream.

“2015 sales so far have been at quite a good level,” said Nicolas Chabbert, senior v-p of Daher’s airplane business unit. He mentioned a “strong” first quarter, with 11 deliveries, and a “reassuring” backlog of 47 aircraft.

Among the first deliveries of the year were the first Mexican and Spanish registrations. The former was for an executive charter operator, which Chabbert said is very important to keep generating interest for this application.

The impact of the strong dollar, which could cause a weakening of sales in non-dollar zones, still has to be measured.

The 2015 version of the TBM 900 includes two new USB sockets in the passenger cabin. Chabbert had no product improvement plan to announce, as the TBM 900 is still new, he pointed out. He also had no news to report on a possible addition to the product line; the once-considered jet program remains in standby mode this year.

Regarding product support, Chabbert said the current offer–including the five-year warranty–will stay technically unchanged, but his team will strive to further improve customization and quality.

In retrofits, Daher last year in France handed over the first TBM 700 upgraded with a Garmin G600/GTN 750 avionics retrofit, replacing mechanical instruments and first-generation CRT electronic flight displays. Synthetic vision is one available option for the Garmin suite. Prices begin at $120,000 for a dual-screen G600 basic package, with an installation time estimated at 250 man-hours.

Last month, the first U.S. TBM to undergo such a retrofit entered Daher’s workshop in Florida. Daher opened its new 32,000-sq-ft North American headquarters for its TBM airplane business unit in March at Pompano Beach Airpark in Florida. The facility supplants the company’s former U.S. base at Fort Lauderdale-Hollywood North Perry Airport. According to Daher, the new facility enables the company to offer more services for TBM operators and customers, including avionics retrofits, repairs and aircraft overhaul.

Speaking at the event at Pompano Beach Airpark, CEO Patrick Daher confirmed that the company’s aerospace unit is still seeking to acquire a U.S.-based aerostructures company, “preferably on the East or West Coast,” to fulfil its quest to become a Tier 1 supplier to Boeing.

In Europe, Daher is a Tier 1 supplier to Airbus and Dassault, manufacturing the fuselages for the latter company’s Falcon 5X, 7X and 8X. For the Gulfstream G500 and G600, Daher is supplying carbon-fiber main landing gear doors while also manufacturing spars for the Embraer Legacy 500. Although it is not exhibiting any aerostructures here, Daher is using the show to market its know-how.

In a rebranding effort announced in February, the manufacturer of the TBM 900 said it would henceforth be known as Daher, dropping the Socata name that the company had used since 1966.