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Industrials
Size
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Market Cap £67.37bn
Enterprise Value £69.66bn
Revenue £42.84bn
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Companies must agree quickly or risk delay of Franco-German jet, minister says

Tue 20th April, 2021 4:09pm
BERLIN, April 20 (Reuters) - Germany urged the companies
working on the development of a future Franco-German fighter,
Europe's largest defence project, to present a viable agreement
on handling intellectual property rights or face months of
delay.
    "We as politicians expect the industry to jointly find a
viable basis (for the next steps of the project) which we can
accept," German Defence Minister Annegret Kramp-Karrenbauer said
after meeting her French counterpart on Tuesday in Paris.
    There are several open questions, she added, including the
lack of an agreement about the handling of intellectual property
rights for the project that has been plagued by squabbling
between Airbus  AIR.PA  and Dassault  AVMD.PA  as well as
tensions between Germany and France.
    "We have made it very clear again that we expect this in the
coming days because otherwise we will run into problems sticking
to the time frame. And we don't want FCAS to be delayed for
several months because we cannot start parliamentary discussions
in time."

 (Reporting by Sabine Siebold
Editing by Madeline Chambers)
 ((Sabine.Siebold@thomsonreuters.com; +49-30-2201-33574;))
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