3 sources·Business

U.K., Italy, and Japan Form Joint Venture for Next Generation Fighter Jet

BAE Systems, Leonardo, and JAIEC create a joint venture to develop a sixth-generation fighter jet with a target operational date of 2035.

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Updated: Dec 13th, 2024, 10:25 AM ET

Summary

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BAE Systems, Leonardo, and Japan Aircraft Industrial Enhancement Company announced the formation of a joint venture for the Global Combat Air Programme (GCAP). This initiative aims to develop a next-generation fighter jet, operational by 2035, incorporating innovative technologies like virtual reality in the cockpit. The headquarters will be in the U.K., with a shared leadership structure. The partnership is seen as a pivotal moment for international defense innovation, with potentials for expansion to include Saudi Arabia. Regulatory approvals are pending.

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