Aeronautics, the Gcap goes ahead: signing of the JV between Italy, Great Britain and Japan by the end of the year
The partners in the JV will be the lead industries, Bae Systems, Leonardo and Mitsubishy Heavy Industries. Each will have a 33.33% share
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The Gcap aircraft programme, the future fighter-bomber that Britain is studying together with Italy and Japan, is going ahead. Rumours of a downsizing of the project, which had spread in July due to the new British government's intention to carry out a defence spending review, proved unfounded. The delegations of the three participating countries, which will sign an international treaty in December 2023, have hadintense meetings in recent weeks as well, to finalise the industrial agreement that should lead to the establishment of a 50:50 joint venture.
The partners in the JV will be the lead industries, Bae Systems, Leonardo and Mitsubishy Heavy Industries. Each will have a 33.33% stake in the JV. The time horizon is the signing of the agreement by the end of the year. 'I think so,' confirmed Roberto Cingolani, Leonardo's CEO, in response to a question whether the signing will take place by Christmas. On the sidelines of the 15 October press conference at which the agreement with Rheinmetall on land armaments was announced, Cingolani noted that 'there was a muscular approach, it was not very clear instead now we have a good chance of converging'. 'By the end of the year we will finish all the things: the Gcap, space, and we will present an update' of the industrial plan, he added.
The project, now called the Global combat air programme, was launched in 2018 at the Farnborough aerospace show under the name Tempest at the urging of Britain. Initially Leonardo joined with its own companies in Britain, in avionics and radar, only with the Conte government was Italy's political endorsement, which opened the door for Italy-based industries to participate.


