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Pin to quick picksBAE Systems Share News (BA.)

Share Price Information for BAE Systems (BA.)

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Share Price: 1,385.00
Bid: 1,330.00
Ask: 1,413.00
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Italy-UK-Japan fighter jet programme could open up to others - Italian Defence Minister

Fri, 26th Jan 2024 07:57

ROME, Jan 26 (Reuters) - Italy, Japan and Britain could open up a programme aimed at developing an advanced fighter jet to other countries, but at a later stage, Italy's defence minister said in an interview published on Friday.

The three countries in December signed an international treaty to set up the Global Combat Air Programme (GCAP) - the first major defence industry collaboration merging the separate next-generation fighter efforts of the countries.

"We will not open (the programme) to others until the initial phase will be closed," Guido Crosetto told Italian daily Il Corriere della Sera, adding many countries were interested in entering but without directly answering a question on interest from Saudi Arabia and the United Arab Emirates.

"Afterwards, with everyone's agreement, we could widen it to other countries," Crosetto added.

The aim is to see the combat aircraft in flight by 2035. The joint development phase is expected to begin in 2025.

Reuters previously reported that the GCAP may welcome other nations as junior partners, with Saudi Arabia among the contenders as it would bring money and a lucrative market to a project expected to cost tens of billions of dollars.

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Monday newspaper round-up: Rents,.Manufacturers, BAE Systems

(Sharecast News) - Residential rents across Britain are rising at their fastest on record as high interest rates shut would-be buyers out of the property market. Monthly rental costs are on average 12 per cent higher than they were this time last year, up £140 to breach £1,300 for the first time, according to the estate agent Hamptons. Separate research from the property website Rightmove suggests that more than a third of homes for sale have had their asking prices reduced as vendors try to drum up demand. - The Times

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