Japan, UK and Italy award $6bn contract for next-gen fighter jet | PiQ Markets
1 storiesGeopolitics & Global RiskRussia-Ukraine war (frontline, weapons, peace talks)
Japan, UK and Italy award $6bn contract for next-gen fighter jet
window 24h
IN SHORT
A significant contract worth $6.14 billion has been awarded for the development of a next-generation stealth fighter jet. The Global Combat Air Programme (GCAP) fighter jet project, a collaboration between Japan, the UK, and Italy, has awarded the contract to the industry joint venture Edgewing. The UK is committing 8.6 billion pounds over the next four years to the initiative, which aims to have the advanced stealth fighter operational by 2035.
✉Newsletter
PiQ Daily
Pick your topics. Get only what matters, on your cadence.
Key Numbers
$6.14 billioncontract value for next-gen fighter jet
4.6 billion poundscontract value in pounds
2035target operational year for stealth fighter
8.6 billion poundsUK commitment over four years
four yearsUK commitment timeframe
Who's Involved
Japan
nation collaborating on next-generation fighter jet program
UK
nation collaborating on next-generation fighter jet program
Italy
nation collaborating on next-generation fighter jet program
Edgewing
industry joint venture awarded contract for GCAP fighter jet
Key facts
A $6.14 billion contract has been awarded for a next-generation fighter jet.
The contract is for the Global Combat Air Programme (GCAP) fighter jet.
Japan, the UK, and Italy are collaborating on the GCAP project.
The contract was awarded to the industry joint venture Edgewing.
The project aims to develop a stealth fighter by 2035.
The UK is committing 8.6 billion pounds over four years to the program.
Japan, the UK, and Italy have collectively awarded a 4.6 billion pound ($6.14 billion) contract for the development of a next-generation fighter jet. This significant contract has been given to Edgewing, an industry joint venture established by the three nations. The project, known as the Global Combat Air Programme (GCAP), aims to produce an advanced stealth fighter aircraft by the year 2035. As part of this ambitious undertaking, the UK is set to commit 8.6 billion pounds over the next four years to fund its contribution to the program. This collaboration represents a major step forward in international defense cooperation and technological advancement in aerial combat capabilities.
Frequently asked questions
GCAP, also known as Tempest in the UK, is a collaborative project between Britain, Italy, and Japan to develop a sixth-generation stealth fighter jet.
Edgewing is a joint venture owned by BAE Systems (UK), Leonardo (Italy), and Mitsubishi Heavy Industries (Japan).
The countries aim to have the fighter jet ready by 2035.
Germany, Saudi Arabia, and Canada have expressed interest in potentially joining the program.
What Happens Next
01Edgewing will proceed with the next phase of development for the GCAP fighter jet.
02Other nations may seek to join the Global Combat Air Programme.
03The project aims for a 2035 delivery target.
Get the newsletter.
Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.
