Companies from the United Kingdom (U.K.), Italy and Japan are set to collaborate on a new fighter jet.
The Jet
Under the agreement, Britain’s BAE Systems, Italy’s Leonardo and Japan Aircraft Industrial Enhancement (JAIEC) will each hold an equal one-third stake in the new joint venture, pending regulatory approval.
The triangular-shaped jets will feature supersonic capabilities and state-of-the-art technology, including a digital cockpit equipped with virtual reality. Pilots will have key information displayed directly in front of them to enhance situational awareness.
“This agreement is the result of an intensive journey made possible by pooling our mutual and shared experiences,” Roberto Cingolani, Leonardo’s chief executive, said.
The Global Combat Air Programme (GCAP) will be headquartered in the U.K., with operations spread across all three partner nations. Under the agreement, the first chief executive will be appointed from Italy.
“The new business will bring together the significant strengths and expertise of the companies …