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GCAP fighter jet timeline 'will not change even if new country joins'

GCAP fighter jet timeline 'will not change even if new country joins'

By Sarah Young FARNBOROUGH, England, July 20 (Reuters) - Plans for the new  Global Combat Air Programme fighter jet to be in service by 2035 will not change even if a new country joins the British, Italian and Japanese programme, the chief executive of the joint venture designing the plane said on
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Edgewing Expands Global Operations for GCAP Engineering with New Facilities

Edgewing Expands Global Operations for GCAP Engineering with New Facilities

Edgewing Expands Global Operations for GCAP Engineering with New Facilities
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GCAP Progress Unaffected by UK Defense Investment Plan Delays

GCAP Progress Unaffected by UK Defense Investment Plan Delays

The Global Combat Air Programme (GCAP), a trilateral initiative involving Italy, Japan, and the UK, remains on track despite delays in the UK's Defense Investment Plan (DIP). At the Farnborough International Airshow, leaders from the Edgewing consortium and the GCAP Agency reaffirmed their commitment to the program. The DIP delay, which affected funding timelines, was described as a complex issue but not a hindrance to the project's progress. The GCAP aims to develop a next-generation combat aircraft, with all three nations fully committed to its success.
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Edgewing Expands Global Operations for GCAP Fighter Development

Edgewing Expands Global Operations for GCAP Fighter Development

Edgewing, a trinational consortium, is establishing global sites in the UK, Italy, and Japan to support the Global Combat Air Program (GCAP). This initiative aims to develop a new fighter aircraft to replace existing models like the Eurofighter and Mitsubishi F-2. The consortium, comprising BAE Systems, Leonardo, and Mitsubishi Heavy Industries, is setting up facilities in Warton, Turin, and Nagoya. These sites will facilitate the development and production of the aircraft, with a focus on creating a seamless digital development environment. Edgewing has been awarded a significant contract to advance the aircraft's concept and assessment phase.
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Japan raises safety concern over Chinese destroyer's live-fire drills

Japan raises safety concern over Chinese destroyer's live-fire drills

Japanese officials say they are concerned after a Chinese navy destroyer conducted live-fire drills off one of Japan’s remote islands in the Pacific Ocean on Sunday
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Trading Day: War clouds darken

Trading Day: War clouds darken

By Jamie McGeever ORLANDO, Florida, July 20 (Reuters) - Escalating tensions in the Middle East finally weighed on Wall Street on Monday, after investors had earlier bought back beaten-down chip stocks ahead of some big tech earnings reports later this week, while the war jitters lifted oil prices,
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Developed market debt to hit record $75.8 trillion as shocks and spending pressures mount, Fitch says

Developed market debt to hit record $75.8 trillion as shocks and spending pressures mount, Fitch says

By Marc Jones LONDON, July 21 (Reuters) - Government debt across developed economies is set to climb to a record $75.8 trillion by the end of 2026 as countries struggle with persistent budget deficits, geopolitical tensions and rising spending demands, Fitch Ratings said on Tuesday.
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Kongsberg Secures $100 Million Contract for JSM with US Air Force

Kongsberg Secures $100 Million Contract for JSM with US Air Force

Norwegian defense company Kongsberg has signed a contract with the United States Air Force to deliver additional Joint Strike Missiles (JSM) worth approximately $100 million. The JSM is a fifth-generation strike missile with stealth capabilities, specifically adapted for the F-35A stealth aircraft. This contract follows a previous order placed in June and is part of a broader adoption of the JSM by several countries, including Australia, Canada, Germany, Japan, and Norway. Deliveries are expected to be completed by the end of June 2030.
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Factbox-Soccer-List of World Cup winners

Factbox-Soccer-List of World Cup winners

NEW YORK, July 19 (Reuters) - List of World Cup champions since the tournament began in 1930 (hosts, winners): URUGUAY 1930 - URUGUAY * Uruguay won the inaugural World Cup by beating Argentina 4-2 in the final in Montevideo. * The first tournament included 13 teams, with only four from Europe.
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Iran war, Myanmar crisis and South China Sea rifts under the spotlight in ASEAN ministerial talks

Iran war, Myanmar crisis and South China Sea rifts under the spotlight in ASEAN ministerial talks

Southeast Asia’s top diplomats will express alarm over renewed hostilities in the Middle East when they gather in the Philippine capital for annual talks
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Indian students cool on 'American Dream' as EU opens its doors

Indian students cool on 'American Dream' as EU opens its doors

By Praveen Paramasivam, Sai Ishwarbharath B and Charlotte Van Campenhout CHENNAI/BENGALURU/AMSTERDAM, July 20 (Reuters) - A. Shrinikheathan is breaking from his family's tradition of studying in the United States, opting instead for a master's degree in Germany.
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Lockheed to make cheaper Patriot interceptors as air defense demand soars

Lockheed to make cheaper Patriot interceptors as air defense demand soars

By Joe Brock FARNBOROUGH, England, July 20 (Reuters) - Lockheed Martin announced a lower-cost Patriot interceptor on Monday as militaries seek cheaper ways to counter drones and missiles, while defense contractors face competition from startups making low-cost weapons that can be produced at scale.