The three companies involved in building a next-generation fighter jet for the U.K., Italy, and Japan have announced the formation of a joint venture to deliver the aircraft. The joint venture will be owned equally by Britain's BAE Systems, Italy's Leonardo, and Japan Aircraft Industrial Enhancement, subject to regulatory approvals.
The headquarters for the Global Combat Air Programme (GCAP) will be located in the U.K., with operations spread across all partner nations. The new business entity aims to leverage the combined strengths and expertise of the companies to develop an innovative combat air system, creating long-term, high-value jobs in the partner nations.
