UK, Italy and Japan’s defence groups set up venture overseeing fighter jet project

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UK, Italy and Japan’s defence groups set up venture overseeing fighter jet project
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Company will be accountable for delivering next generation combat aircraft under Global Combat Air Programme

The national defence champions of the UK, Italy and Japan have struck a deal to govern the production of a next generation fighter jet, as the three nations push forward their ambitious plan to have the aircraft flying by 2035. Under the agreement signed in London on Friday, the three companies — Britain’s BAE System’s, Italy’s Leonardo and the Japan Aircraft Industrial Enhancement Co — will each hold a 33.

However, people familiar with the discussions have said the Gulf state could join as a “plus one” partner consisting of purely financial participation and providing early orders for the fighter jet, rather than becoming a fully fledged participant. British defence secretary John Healey said earlier this month the UK was willing to consider allowing Saudi Arabia to “develop their links to join” the programme.

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