Airbus Defence chief rules out total failure of FCAS fighter jet project
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/16/2026
- Wall Street tumbles as worries about AI trade and high oil prices weigh
- Oil touches $110 a barrel for first time since May on Middle East, Russia supply fears
- Stay risk-off as higher real yields and AI volatility threaten stocks: BofA
- Apple’s first foldable iPhone sells out within minutes as preorders begin
- CoreWeave bond rout tests market's math on AI buildout
Tweet
Share
E-mail
Scale models of the Franco-German-Spanish Future Combat Air System (FCAS / SCAF), Europe's next-generation fighter jet, are seen in Paris, France, February 20, 2020. REUTERS/Charles Platiau
BERLIN, May 27 (Reuters) - The head of Airbus Defence ruled out the complete failure of the crisis-hit Franco-German FCAS fighter jet project, saying at least a networking system for weapons and drone programme would go ahead.
• Plans to develop the air combat system risk collapse due to a dispute over control between France's Dassault Aviation and Airbus, which represents Germany and Spain in the €100-billion ($116 billion) project
• Airbus Defence chief Michael Schoellhorn said on Wednesday he saw some unbridgeable differences between Airbus and Dassault at the moment
• German, French defence ministries are working out how to move forward, said Schoellhorn. He hopes for a political decision before Berlin's ILA air show on June 10
• He mentioned options of having two different fighter jets or a new European partnership but said Germany could not take on that project alone
• Two areas of the strategic project will go ahead, said Schoellhorn - a “Combat Cloud” to network weapon systems and a Collaborative Combat Aircraft (CCA) for drones to accompany fighter jets
($1 = 0.8588 euros)
(Reporting by Markus WacketWriting by Madeline ChambersEditing by Ludwig Burger)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US lifts curbs on Mexican airlines after aviation dispute
- Exclusive-Boeing sales chief McMullen to retire, company memo says
- SoftBank weighs $18 billion acquisition of Allied Universal, source says
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
