Theresa May announces new 2 billion pounds UK-Italian fighter jet project

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FARNBOROUGH: United Kingdom¬† (UK) Prime Minister Theresa May today announced a new 2.0 billion pounds (2.3 billion euros, USD 2.7 billion) programme with Italy’s Leonardo to design a new generation fighter jet as Britain aims to project aerospace prowess into its post-Brexit future.

“Today I can announce that the government will join with BAE Systems, Leonardo, MBDA and Rolls Royce to fund the next phase of the Future Combat Air System Technology Initiative through a ground-breaking partnership known as Team Tempest,” she said.

Source: AFP