AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

BERLIN: German lawmakers on Wednesday approved the next phase of a project to build a joint European fighter jet with France and Spain, brushing aside domestic scepticism over the plan.

The budget committee in the Bundestag lower house of parliament gave the green light for the project, known as the Future Combat Air System (FCAS), to progress to research and development phases 1B and 2 between 2021 and 2027.

According to a government document seen by AFP, the next steps in the project are set to cost Germany a total of almost 4.5 billion euros ($5.3 billion).

France and Germany announced plans to build a common fighter in 2017, with Spain joining later.

The plane is slated to replace French-made Rafale jets and German and Spanish Eurofighter planes by 2040.

In Phase 2, France’s Dassault Aviation and European planemaker Airbus are to build a demonstrator aimed at testing the reliability of the jet’s cutting-edge technology.

Dirk Hoke, head of Airbus Defence and Space, welcomed the committee’s vote. “We see this as a strong endorsement and trust in the programme’s ability to develop further European operational and technological sovereignty, whilst strengthening its aerospace industry,” he said on Twitter.

But critics in Germany had warned against hasty approval for the next phase of the project.

Der Spiegel magazine reported in early June that the army’s procurement office had written to the Defence Ministry to say the contract “must be renegotiated from a technical and economic point of view” and was “not ready for signing”.

The deal “almost exclusively satisfies French positions, to the detriment of German industry”, it said.

Dennis Rohde, a lawmaker for the Social Democrats (SPD), said on Wednesday his party still had “many questions” about the project and had demanded “clear conditions for further progress”.

Comments

Comments are closed.