Airbus, Indra, others offer Spain alternative to FCAS fighter jet project
Airbus, Indra, others offer Spain alternative to FCAS fighter jet project MADRID, June 11 (Reuters) - Defence companies including European aerospace giant Airbus AIR.PA and Indra IDR.MC signed a joint statement on Thursday offering Spain's Defence Ministry their capabilities to develop an alternative to the FCAS fighter jet project.
The firms were willing to work with other European countries to implement the next phases of development of the sixth-generation combat system, the statement signed by Airbus, GMV, Grupo Oesia, Indra, ITP Aero and Sener said.
The companies said their goal was for an alternative combat system to be ready by around 2040.
France and Germany agreed to scrap the Future Combat Air System, or FCAS, but will continue to develop a related drone system and data network, two German government officials told Reuters on Monday.
The move to cancel FCAS came after German Chancellor Friedrich Merz and French President Emmanuel Macron had concluded that Airbus and France's Dassault Aviation AM.PA were unable to reach an agreement.
Spain, which was taking part in the project through its stakes in Indra and Airbus, called the scrapping of the project a "policy failure" for Europe.
"Industrial interests have been prioritised over Europe's security and defence interests," Spanish Defence Minister Margarita Robles told reporters on Tuesday.
(Reporting by Javi West Larrañaga; Editing by Jan Harvey)
((Javier.West@thomsonreuters.com; +34 918 35 61 12;))
Recent news on Indra Sistemas SA
See all newsSpanish stocks - Factors to watch on June 12
Airbus, Indra, others offer Spain alternative to FCAS fighter jet project
Spanish stocks - Factors to watch on June 11
Renault CEO says strategy head to leave to become Indra CEO on July 1
Brief: Indra Wins Contract To Manage Qiddiya City Intercity Bus Network In Saudi Arabia