
aerospace-and-defence4.615 min read
Pentagon takes $1bn stake in L3 Harris missile motors unit, stoking competition concerns
1 month ago•Source: Financial Times
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The UK, Italy, and Japan have formed a joint venture to oversee the development of a next-generation fighter jet under the Global Combat Air Programme (GCAP), aiming for completion by 2035. The venture, equally owned by BAE Systems, Leonardo, and Japan Aircraft Industrial Enhancement Co, will manage the design, development, and delivery of the aircraft. Discussions are ongoing about potentially involving Saudi Arabia as a financial partner. The project seeks to enhance defense capabilities against threats from Russia and China, with a focus on digital design and innovative engineering to reduce costs and time.