UK, Japan, and Italy sign £4.6 billion contract for next-generation fighter jet production

Corporate Action Impact 4
โดย Reuters·Read original
Summary · why it matters

The UK government announced on the 3rd that it has signed a £4.6 billion contract with Edgewing, the joint venture responsible for design and development, to manufacture the next-generation fighter jet being co-developed with Japan and Italy. This moves the Global Combat Air Programme into the next phase of development, and Minister for Defence Procurement Pollard described signing the contract alongside Italy and Japan as a major step forward towards delivery. On the 30th of last month, the UK decided to contribute £8.6 billion over four years as its share of GCAP funding. Under GCAP, the UK's BAE Systems, Italy's Leonardo, and Mitsubishi Heavy Industries are developing a sixth-generation stealth fighter with the aim of operational deployment by 2035, and Edgewing is jointly funded by BAE, Leonardo, and the Japan Aircraft Industrial Enhancement Organization.

Impact on stocks 3

Defense & Geopolitical Fragmentation · 2 stocks
Leonardo SpA
0ONG
▲ PositiveDemandrelevance

Leonardo is a key partner in GCAP, and the £4.6B contract funds production of the next-gen fighter jet, securing long-term revenue.

BAE Systems plc
BA
▲ PositiveDemandrelevance

BAE Systems is a core developer of the GCAP fighter jet, and the contract ensures continued production and funding.

Energy Transition & Power Demand · 1 stocks
Mitsui & Co.,Ltd
8031
▲ PositiveDemandrelevance

Mitsubishi Heavy Industries is a key partner in GCAP, benefiting from the contract to develop and produce the next-gen fighter.

Theme Impact 2

Off-coverage companies 1

Japan Aircraft Industrial Enhancement Co LtdPrivate▲ Positive
CapitalDemandrelevance

Japan Aircraft Industrial Enhancement Organization is a joint funder of Edgewing, and the contract provides financial backing for the programme.

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