BERLIN/PARIS, Nov 18 (Reuters) - France, Germany and Spain have reached agreement over starting the next phase of the development of a new fighter jet dubbed FCAS, Europe's largest defence project at an estimated cost of more than 100 billion euros, two sources told Reuters on Friday.
The three countries and their respective industries had struck a deal, said a defence source who spoke on condition of anonymity and did not give details.
According to earlier information, the next development phase for the Future Combat Air System (FCAS) is expected to cost some 3.5 billion euros ($3.63 billion), to be shared equally by the three countries.
France's Dassault (AM.PA), Airbus (AIR.PA) and Indra (IDR.MC) - 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 = 0.9642 euros)Writing by Sabine Siebold, Editing by Miranda, Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.