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Stock impact report

Arms firms fret over delays in Franco-German fighter project [Reuters]

INDRA SISTEMAS UNSP/ADR (ISMAY) 
NASDAQ:AMEX Investor Relations: indracompany.com/en/accionistas
Company Research Source: Reuters
Arms firms fret over delays in Franco-German fighter project - Reuters 4 Min Read PARIS (Reuters) - France’s Dassault Aviation and Europe’s Airbus have stepped up pressure on France and Germany to agree the next stage of a planned fighter project, warning Europe’s arms industry and long-term security could suffer from delays. The two companies are the leading industrial partners in a project to build a futuristic swarm of manned and unmanned warplanes, announced by the leaders of France and Germany two years ago and expanded earlier this year to include Spain. Dassault and Airbus won a 65-million-euro contract in January to develop the concept for the Future Combat Air System (FCAS) but await a new contract to build demonstrators for interlinked fighters, drones and an “air combat cloud” by 2026. Dassault Aviation Chief Executive Eric Trappier told a conference of policymakers last month that the demonstrator contract should have been launched in September but this was now slipping to Show less Read more
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