Breaking News
Investing Pro 0
Final hours: unlock premium data with Claim 60% OFF

Airbus CEO says partners converging towards FCAS fighter deal

Published Nov 29, 2022 10:59AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: Airbus CEO Guillaume Faury takes part in a panel discussion at the International Air Transport Association's (IATA) Annual General Meeting in Boston, Massachusetts, U.S., October 4, 2021. REUTERS/Brian Snyder

BRUSSELS (Reuters) - The head of European planemaker Airbus said on Tuesday partners in a future European fighter were converging towards contractual agreements on the next phase of the Franco-German-Spanish project.

The latest comments on the status of the $100-billion FCAS project came after France's Dassault Aviation appeared to deny French and German government statements of a deal.

Talks on the next phase of a planned demonstrator, known as phase 1B, are a key milestone awaited by investors, prompting scrutiny of a series of differently worded recent statements.

France's prime minister said on Friday an agreement had been reached between the two main industrial partners, but Dassault said immediately afterwards that "it is not done yet".

A week earlier, the same company denied a German government declaration suggesting a deal had been reached.

"There is a convergence towards contracts to be signed, or being signed as we speak for some of them," Airbus Chief Executive Guillaume Faury told reporters on Tuesday when asked to clarify the status of talks.

He said the FCAS phase 1B will move forward when all the contractual scheme is agreed. "We are in that phase: ...going to contract," he added.

"There are a lot of partners, there are three governments, and as long as all this contractual setup is not finalized, and the ink is not dry, we are not at phase 1B."

He said this was in line with a previous Airbus statement.

Earlier this month Airbus said discussions among industry and governments had concluded and that a number of formal steps were needed before a contract signature, which it has previously said it aims to achieve by the end of the year.

French President Emmanuel Macron and then German Chancellor Angela Merkel first announced plans in July 2017 for FCAS, which will include a fighter jet and a range of associated weapons including drones. Spain joined later.

Partners in Europe's rival Tempest fighter programme including Britain and Italy are meanwhile expected to sign a deal to merge their efforts with those of Japan before the end of the year, a European source familiar with the project said.

Airbus CEO says partners converging towards FCAS fighter deal
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email