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REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsROME, Nov 15 (Reuters) - Italy's Leonardo (LDOF.MI) is trimming its stake in U.S. unit DRS (DRS.O) as new CEO Roberto Cingolani looks to expand the state-controlled group with major roles in European defence projects. Two sources at Leonardo confirmed that the DRS deal was part of that strategy. Cingolani, a former government minister who became CEO in May, has embraced the need to create broader European alliances to take advantage of rising defence budgets. It has pointed to its cross-border MBDA European missile company joint venture with Airbus (AIR.PA) and BAE Systems (BAES.L) as a model for the projects. Some analysts expressed surprise that the company was reducing its stake in DRS, acquired 15 years ago in a $5.2 billion deal when the Italian group was known as Finmeccanica.

Persons: Leonardo, Dado Ruvic, Roberto Cingolani, Cingolani, Intesa Sanpaolo, Leonardo's, Nick Cunningham, Giulia Segreti, Armellini, Kirsten Donovan Organizations: REUTERS, Rights, DRS, Global Combat Air, Leopard, Airbus, BAE Systems, Agency Partners, Thomson Locations: U.S, East, Europe, Italy, Britain, Japan, Leonardo's Milan, Italian, Rome

☆ Italy says it will be equal partner in jet fighter project with UK, Japan
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

A concept model of the Global Combat Air Programme (GCAP)'s fighter jet is displayed at the DSEI Japan defense show at Makuhari Messe in Chiba, east of Tokyo, Japan March 15, 2023. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsROME, Sept 23 (Reuters) - Italy said on Saturday it will be an equal partner in the next-generation fighter program with Britain and Japan, as further talks are still underway on the project, including on where to base its headquarters. The three countries established the Global Combat Air Programme (GCAP) in December after Britain and Japan agreed to merge their fighter efforts in a ground-breaking collaboration that aims to deploy an advanced aircraft by the middle of the next decade. Reuters on Thursday reported that Japan and Britain were going to dominate design and manufacturing on the project, with London likely to lead its organisation due to its deeper and more recent experience in jet fighter development. "The Global Combat Air Programme, or GCAP, is an actual trinational programme based on the principle of equal sharing, as the Prime Ministers stated in the Joint Ministerial Declaration last December," an Italian defence ministry statement said.

Persons: Kim Kyung, Angelo Amante, Andrew Cawthorne Organizations: Global Combat Air, Makuhari Messe, REUTERS, Rights, Reuters, Combat Air, of Defence, Thomson Locations: Japan, Chiba, Tokyo, Italy, Britain, London

[1/2] A model of a new fighter jet of the Global Combat Air Programme (GCAP) led by Britain, Japan, and Italy, is seen at the DSEI defence event in London, Britain, September 12, 2023. Reuters/Sarah Young/File Photo Acquire Licensing RightsTOKYO, Sept 21 (Reuters) - Japan, Britain and Italy plan to choose Britain as the headquarters for their next-generation fighter program, four sources in Japan said, putting London at the forefront of a partnership that could expand to include other nations. "Discussion about the headquarters is ongoing and we are unable to comment on the location," Japan's defence procurement agency said in an email. "No final decisions have been made on the locations and we will not comment on speculation," a spokesperson at Britain's defence ministry said. Officials at the Italian defence ministry were unavailable for comment.

Persons: Sarah Young, Leonardo, LDOF.MI, Richard Berthon, Britain's, Tim Kelly, Nobuhiro Kubo, Paul Sandle, Angelo Amante, Gerry Doyle Organizations: Global Combat Air, Reuters, Rights, London, United, United Arab Emirates, Combat, Britain's Ministry of Defence, BAE Systems PLC, Mitsubishi Heavy Industries, Mitsubishi Electric Corp, Royce PLC, Japan's IHI Corp, Thomson Locations: Britain, Japan, Italy, London, Saudi Arabia, United Arab, GCAP, European

☆ UK, Japanese, Italian Partners Agree Next Steps for Fighter Jet
▼ + stars: | 2023-09-12 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Britain's BAE Systems, Japan's Mitsubishi Heavy Industries, and Italy's Leonardo have agreed the next steps to deliver the concept phase of a next-generation combat aircraft, BAE Systems said on Tuesday. The three nations agreed in December 2022 to collaborate to build an advanced front-line fighter to enter service around the middle of the next decade. The new Global Combat Air Programme (GCAP) agreement will support discussions to set out working arrangements and capability requirements for the aircraft, BAE said. The three nations will update on the project's progress at London's DSEI international arms fair this week, BAE said. Britain's defence ministry had committed 2 billion pounds to the project, formerly known as Tempest, before Japan and Italy joined.

Persons: Italy's Leonardo, Herman Claesen, BAE's, GCAP, Sachin Ravikumar, Paul Sandle, Sarah Young Organizations: BAE Systems, Mitsubishi Heavy Industries, Global Combat Air, BAE, London's Locations: Italy, Japan

☆ Saudi Arabia wants to buy its way into a major 6th-gen fighter jet project, but not all its potential partners are welcoming
▼ + stars: | 2023-09-07 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

Saudi Arabia reportedly wants to join the effort, but Japan is said to be wary of letting Riyadh in. A senior British defense told The Financial Times that the UK views "Saudi Arabia as a key partner in the fighter program and we are working to ensure strong progress as soon as possible." AdvertisementAdvertisementJapan also fears Saudi Arabia might want to export the cutting-edge jet to adversaries, such as China and Russia, or use its veto power to prevent Tokyo from exporting it to one of its allies. Indonesia, for example, has joined South Korea's KF-21 Boramae project, which aims to produce a quasi-stealth fighter jet by the late 2020s. AdvertisementAdvertisementOn the other side of Asia, Azerbaijan recently joined Turkey's TF Kaan stealth fighter project.

Persons: Bill Bostock, milch, Shigeto Kondo, Pascal Rossignol, GCAP, Tempest, China's, Paul Iddon Organizations: Service, Global Combat Air Program, The Financial Times, Financial Times, Britain's Telegraph, Japanese Institute of, Eastern, Al, KF, Indo, Getty, South Korea's KF, Turkey's TF, JF, 51st Paris Air Show, REUTERS, Rafale Locations: Italy, Japan, Saudi Arabia, Riyadh, Wall, Silicon, Tokyo, British, London, Saudi, China, Russia, Jakarta, AFP, Indonesia, Asia, Azerbaijan, Ankara, Pakistan, Baku

☆ Italy's Leonardo to focus on 'bytes and data', new CEO says
▼ + stars: | 2023-07-28 | by ( Alvise Armellini | ) www.reuters.com time to read: +2 min

ROME, July 28 (Reuters) - Italy's state-controlled defence and aerospace group Leonardo (LDOF.MI) needs to focus on the fast-growing cybersecurity and space sectors to keep up with industry trends, its new CEO said on Friday. "Defence is increasingly made with bytes and data, instead of bullets," Cingolani said during a call with analysts, announcing a new industrial plan that will be unveiled in early 2024. In the first half of 2023, Leonardo's new orders rose to almost 8.7 billion euros ($9.60 billion), up 18.9% year-on-year, while group net debt fell to 3.6 billion euros from 4.8 billion euros in the first half of last year. H1 revenues were up 4.8% to just under 6.9 billion euros, while earnings before interest, taxes depreciation and amortisation (EBITDA) rose by 3.5% to 703 million euros. Leonardo's confirmed guidance for 2023 includes a forecast for new orders at around 17 billion euros, revenues in the 15-15.6 billion euro range, EBITA at 1.26-1.31 billion euros and group net debt of about 2.6 billion euros.

Persons: Leonardo, Roberto Cingolani, Cingolani, Leonardo's, Alvise Armellini, Gavin Jones, Deepa Babington Organizations: Defence, Thomson Locations: Ukraine, Italy, Britain, Japan, Leonardo's Milan

[1/5] A concept model of the Global Combat Air Programme (GCAP)'s fighter jet is displayed at the DSEI Japan defense show at Makuhari Messe in Chiba, east of Tokyo, Japan March 15, 2023. REUTERS/Kim Kyung-HoonTOKYO, March 15 (Reuters) - Britain and Japan are set to dominate a three-nation project with Italy to build an advanced jet fighter, with Rome set to pay around only a fifth of the overall development cost, two sources said. "The cost of the project will likely be around 40% each for Japan and Britain," one of the people with knowledge of discussions told Reuters. Japan's defence ministry said that discussions were ongoing and declined to comment on the cost sharing ratios. Details of which companies will build what components are being hammered out in regular talks between more junior government officials and contractors in Britain, Japan and Italy, the sources said.

☆ Japan, Britain, Italy defence ministers to meet in Tokyo this week
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

TOKYO, March 14 (Reuters) - Britain and Italy's defence chiefs will visit Japan this week to hold meetings with their local counterpart, Defence Minister Yasukazu Hamada, Japan said on Tuesday. Hamada will host a trilateral meeting with British Defence Secretary Ben Wallace and Italian Defence Minister Guido Crosetto on Thursday, Japan's defence ministry said. He will also hold bilateral meetings with them. The three nations will discuss the jet fighter project, which marks Japan's first major industrial defence collaboration beyond the United States since World War Two. Reporting by Kaori Kaneko Editing by Chang-Ran KimOur Standards: The Thomson Reuters Trust Principles.

☆ Italian, Japanese leaders agree to form "strategic partnership"
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

[1/3] Japanese Prime Minister Fumio Kishida and his Italian counterpart Giorgia Meloni hold a news conference at Chigi Palace, in Rome, Italy, January 10, 2023. REUTERS/Remo CasilliROME, Jan 10 (Reuters) - Italian Prime Minister Giorgia Meloni and her Japanese counterpart Fumio Kishida agreed at a meeting on Tuesday to strengthen ties in a range of spheres including the economy, trade and defence, the leaders said. "We have agreed to elevate our relations to the level of a strategic partnership," Meloni told reporters in a brief statement after the meeting in Rome. Among the fields of heightened cooperation, Kishida, speaking through an interpreter, cited diplomacy, investment, railways and cinema. (This story has been refiled to remove a typo in the lead)Reporting by Gavin Jones, editing by Crispian BalmerOur Standards: The Thomson Reuters Trust Principles.

[1/4] Italy's Defence Minister Guido Crosetto poses for a picture during an interview with Reuters, in Rome, Italy, December 16, 2022. Defence Minister Guido Crosetto, a co-founder of Prime Minister Giorgia Meloni's Brothers of Italy party, said Rome would make a final decision on how much to invest in the multi-billion-dollar project after more details had been defined. Crosetto said there should be no bar on joining forces with the rival European programme, adding that the GCAP should also aim to find new partners, especially within Europe. Italy has never disclosed details of its shipments, but Crosetto confirmed that Kyiv had requested air-defence systems, including the Franco-Italian SAMP/T. He added that Italy was also open to suggestions for joint procurement by the EU Defence Agency.

☆ Japan, Britain and Italy to build jet fighter together
▼ + stars: | 2022-12-09 | by ( ) www.nbcnews.com time to read: +4 min

Japan, Britain and Italy are merging their next-generation jet fighter projects in a ground-breaking partnership spanning Europe and Asia that is Japan’s first major industrial defense collaboration beyond the United States since World War II. Amid what it sees as deteriorating regional security, Japan this month will announce a military build up plan that is expected to double defense spending to about 2% of gross domestic product over five years. “It’s also good for our international reputation”The proposed jet fighter aircraft Tempest, shown during the Farnborough Airshow, in southern England in July. Britain also wants Japan to improve how it provides security clearances to contractors who will work on the aircraft, sources with knowledge of the discussions told Reuters. “The United States supports Japan’s security and defense cooperation with likeminded allies and partners, including with the United Kingdom and Italy,” the U.S. Department of Defense said in a joint statement with Japan’s Ministry of Defense.

☆ GCAP: Japan, Britain and Italy team up to build sixth-generation fighter jet
▼ + stars: | 2022-12-09 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

It will showcase technologies from each of the three partners, the British statement said. All three countries are part of the US fifth-generation F-35 stealth fighter program, under which all three fly the F-35 and versions of the warplane are assembled in Italy and Japan. The US also has a sixth-generation fighter jet – known as the Next-Generation Air Dominance (NGAD) program – in the works. It is designed to be the successor to its F-22, which along with the F-35, is considered the world’s top fighter jet. “The Air Force intends for NGAD to replace the F-22 fighter jet beginning in 2030, possibly including a combination of crewed and uncrewed aircraft,” a US Congressional Research document says.

☆ UK, Japan, and Italy are joining forces to build a new next-generation fighter jet that can fight with artificial intelligence
▼ + stars: | 2022-12-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

Britain, Japan, and Italy are working to build a next-generation fighter jet together. The fighter jet will have cutting-edge weapons and advanced capabilities, such as the ability to work with uncrewed aircraft. Britain's defense ministry said in a release that it hopes to develop the fighter jet with various advanced capabilities such as cutting-edge weapons, innovative data systems, and advanced sensors. UK Prime Minister Rishi Sunak said that the aircraft's development, and partnership with Japan and Italy, highlights that "the security of the Euro-Atlantic and Indo-Pacific regions are indivisible." In a joint statement with Japan's defense ministry on Thursday, the US Department of Defense said it supports Tokyo's security cooperation with London and Rome.

TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a ground-breaking partnership spanning Europe and Asia that is Japan's first major industrial defence collaboration beyond the United States since World War Two. Amid what it sees as deteriorating regional security, Japan this month will announce a military build up plan that is expected to double defence spending to about 2% of gross domestic product over five years. Britain also want Japan to improve how it provides security clearances to contractors who will work on the aircraft, sources with knowledge of the discussion told Reuters. The United States, which has pledged to defend all three countries through its membership of NATO and a separate security pact with Japan, also welcomed the joint Europe-Japan agreement. "The United States supports Japan's security and defence cooperation with likeminded allies and partners, including with the United Kingdom and Italy," the U.S. Department of Defense said in a joint statement with Japan's Ministry of Defense.

TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a bridge between Europe and Asia that marks Japan's first major industrial defence collaboration beyond the United States since World War Two. Britain also wants Japan to improve how it provides security clearances to contractors, sources with knowledge of the discussions told Reuters. The two new platforms would compete head-on with each other and the United States in the global fighter market. "There is going to be a Battle Royal in the next 10-15 years in positioning the various players," said UK defence analyst Francis Tusa. The United States, which has pledged to defend all three countries through NATO and a separate security pact with Japan, welcomed the new Europe-Japan agreement.

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