UK, Italy, Japan Consider Plan to Oversee New Fighter Jet [BNN Bloomberg (Canada)]
BAE SYSTEMS PLC S/ADR (BAESY)
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Source: BNN Bloomberg
The three countries' parliaments would then ratify the body in the middle of next year, said the people who asked not to be named on private talks. The three nations announced last year the so-called Global Combat Air Programme to develop the jet. Discussions are ongoing and the timeline could slip, especially as the three parties have to work out a number of issues, including where such an organization would be based and ownership, the people said. Talks are centering on whether the UK would be the project's lead partner or if the three nations would have equal ownership. One of the people said a three-way split would provide the project a sounder commercial and industrial footing. The three countries announced in December plans to work together on a next generation warplane in a bid to bring a new fighter into service by 2035. UK, Italy and Japan Merge Plans for Next-Generation Fighter (1) The deal to create the Global Combat Air Programme effectively combines the European
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