AGL 31.35 Increased By ▲ 0.15 (0.48%)
AIRLINK 143.00 Increased By ▲ 0.30 (0.21%)
BOP 5.12 Increased By ▲ 0.04 (0.79%)
CNERGY 4.11 Increased By ▲ 0.07 (1.73%)
DCL 9.49 Decreased By ▼ -0.21 (-2.16%)
DFML 49.51 Decreased By ▼ -0.69 (-1.37%)
DGKC 79.10 Decreased By ▼ -0.40 (-0.5%)
FCCL 22.75 Decreased By ▼ -0.30 (-1.3%)
FFBL 46.78 Increased By ▲ 0.68 (1.48%)
FFL 9.57 Increased By ▲ 0.52 (5.75%)
HUBC 153.49 Decreased By ▼ -0.01 (-0.01%)
HUMNL 11.29 Decreased By ▼ -0.18 (-1.57%)
KEL 4.17 Increased By ▲ 0.03 (0.72%)
KOSM 9.26 Decreased By ▼ -1.01 (-9.83%)
MLCF 33.30 Decreased By ▼ -0.30 (-0.89%)
NBP 58.70 Increased By ▲ 1.85 (3.25%)
OGDC 136.75 Decreased By ▼ -0.50 (-0.36%)
PAEL 25.88 Increased By ▲ 1.43 (5.85%)
PIBTL 6.05 Increased By ▲ 0.08 (1.34%)
PPL 112.35 Decreased By ▼ -0.65 (-0.58%)
PRL 24.38 Increased By ▲ 0.03 (0.12%)
PTC 11.88 Decreased By ▼ -0.07 (-0.59%)
SEARL 57.40 Decreased By ▼ -0.36 (-0.62%)
TELE 7.77 Increased By ▲ 0.17 (2.24%)
TOMCL 41.99 Increased By ▲ 0.11 (0.26%)
TPLP 8.49 Decreased By ▼ -0.16 (-1.85%)
TREET 15.23 Increased By ▲ 0.13 (0.86%)
TRG 51.50 Decreased By ▼ -0.95 (-1.81%)
UNITY 28.00 Increased By ▲ 0.14 (0.5%)
WTL 1.42 Increased By ▲ 0.08 (5.97%)
BR100 8,340 Decreased By -5.8 (-0.07%)
BR30 26,956 Increased By 47.9 (0.18%)
KSE100 78,898 Increased By 34.4 (0.04%)
KSE30 25,008 Decreased By -18.2 (-0.07%)

PARIS: France, Germany and Spain said Monday that they had reached agreement on the next phase of their plans to build a joint European fighter jet, capping months of negotiations over how to share the work and the intellectual property.

Defence ministers of the three countries said they had reached a “balanced” deal on carrying out the research necessary to select the technology that will underpin the Future Combat Air System (FCAS).

French Defence Minister Florence Parly’s office said the “Phase 1B” contracts would be worth 3.5 billion euros ($4.3 billion) between now and 2024 and would be funded and shared equally between France, Germany and Spain.

Phase 2 will involve building a demonstrator, an early prototype aimed at testing the reliability of the jet’s cutting-edge technology.

The agreement announced Monday was crucial for moving ahead on Europe’s biggest defence programme, which aims to prove the continent’s ability to integrate its disparate defence forces and increase its military sovereignty.

Time had been running out for the German government to secure parliamentary approval for the research phase before a general election looming in the autumn.

Parly and her German and Spanish counterparts, Annegret Kramp-Karrenbauer and Margarita Robles, said the three countries were ready to give the deal “formal validation”.

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

France’s Dassault Aviation and European planemaker Airbus, which are teaming up to build the jet, had expected to complete a demonstrator by 2026 but are now only expected to do so by 2027.

The plane is slated to replace the French-made Rafale jets and German and Spanish Eurofighter planes by 2040. Beyond a next-generation fighter jet, the FCAS programme includes drones and an ultrafast communications network dubbed the “combat cloud” that will use artificial intelligence capabilities.

The total cost of the programme is expected to reach nearly 100 billion euros, up from previous estimates of 50 to 80 billion euros.

Comments

Comments are closed.