Spain signs agreement with France and Germany over next generation of fighter jet

The Spanish, French and German governments have reached an agreement on starting the next phase of development of a new fighter jet dubbed FCAS.

Reported to be Europe’s largest defence projectm, the new jet has an estimated cost of more than 100 billion euros according to a statement from the German government.

Negotiations had been ongoing for a number of weeks, with confirmation a deal had been met being announced last week.

Spain will contribute around €2.5 billion to the project, with around half a billion due to be lodged next year.

The new jets are set to replace the Eurofighter airframes from around 2040.

Photo: CC BY-SA 3.0 FR Rama