Dassault Aviation head cautions that FCAS warplane deal is not done yet

Reuters

Published Nov 21, 2022 12:16

PARIS (Reuters) - Eric Trappier, the head of French company Dassault Aviation, cautioned on Monday that a deal over developing the new FCAS fighter jet was not formally completed yet.

The German government said last Friday that France, Germany and Spain had reached agreement on starting the next phase of development of the new fighter jet dubbed FCAS, Europe's largest defence project which has an estimated cost of more than 100 billion euros ($102.32 billion).

"There was a sort of pseudo-political announcement that was made. I think that the German approvals - which were hard to get - had come out and that in turn led to some leaks. But it is not yet done," Trappier told RTL Radio.

France's Dassault Aviation, Airbus and Indra - the latter two representing Germany and Spain, respectively - are involved in the scheme to start replacing French Rafale and German and Spanish Eurofighters from 2040.

($1 = 0.9773 euros)

Get The App
Join the millions of people who stay on top of global financial markets with Investing.com.
Download Now

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes