Scale models of the Franco-German-Spanish Future Combat Air System (FCAS / SCAF),
Europe's next-generation fighter jet, are seen in Paris, France, February 20, 2020.
REUTERS/Charles Platiau/File Photo
BERLIN/PARIS, Nov 18 (Reuters) - France, Germany and Spain have reached agreement on starting the next phase of development of a new fighter jet dubbed FCAS, Europe's largest defence project at an estimated cost of more than 100 billion euros($103.4 billion), the German government said on Friday.
The Defence Ministry said in a statement that an industrial agreement was achieved after intense negotiations, confirming an earlier Reuters story saying the three countries and their respective industries had struck a deal.
The Defence Ministry said in a statement that an industrial agreement was achieved after intense negotiations, confirming an earlier Reuters story saying the three countries and their respective industries had struck a deal.
The ministry said it was agreed at the highest government level that a cooperative approach on an equal footing would be pursued in the project, which is under overall French responsibility.
The Spanish Defence Ministry said Madrid would spend 2.5 billion euros ($2.58 billion) on the project, of which 525 million euros ($542 million) would be paid in 2023. The ministry said that the cabinet agreed to this expenditure but did not give other details. READ MORE...
