Business

London [UK], July 4: The British Ministry of Defence announced that the £4.6 billion contract awarded to industry joint venture Edgewing, funded jointly by the three partner nations, will advance the next stage of the aircraft's design.
The contract, signed today, is a key milestone for the Global Combat Air Programme (GCAP), a groundbreaking collaboration between the UK, Japan and Italy to develop a sixth-generation combat aircraft, targeted to enter service in 2035.
It comes just after the Defence Investment Plan (DIP) confirmed this week that the UK would invest £8.6bn into the programme over four years.
Minister for Defence Readiness and Industry Luke Pollard said: ''The Global Combat Air Programme will give our pilots a cutting-edge stealth fighter jet. Signing this £4.6 billion contract alongside Italy and Japan is a major step forward towards delivery.''
Source: Emirates News Agency