Business

UK: Over £4 billion invested in next-generation fighter jet with new international contract

Jul 04, 2026

London [UK], July 4: The British Ministry of Defence announced that the £4.6 billion contract awarded to industry joint venture Edgewing, funded jointly by the three partner nations, will advance the next stage of the aircraft's design.
The contract, signed today, is a key milestone for the Global Combat Air Programme (GCAP), a groundbreaking collaboration between the UK, Japan and Italy to develop a sixth-generation combat aircraft, targeted to enter service in 2035.
It comes just after the Defence Investment Plan (DIP) confirmed this week that the UK would invest £8.6bn into the programme over four years.
Minister for Defence Readiness and Industry Luke Pollard said: ''The Global Combat Air Programme will give our pilots a cutting-edge stealth fighter jet. Signing this £4.6 billion contract alongside Italy and Japan is a major step forward towards delivery.''
Source: Emirates News Agency

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Leadership in the Age of Digital Transformation: Why Strategic Tech Fluency Is Now Essential

New Delhi [India], October 28: Organisations across industries are investing heavily in artificial intelligence, analytics, automation and digital platforms, yet the returns remain uneven. A 2025 McKinsey study found that only 16 % of digital transformation initiatives succeed in delivering sustained performance improvements, despite widespread adoption of advanced technologies. At the same time, Gartner reports that 65 % of organisations now regularly use generative AI in decision-making, signalling that access to technology is no longer the constraint. The disconnect lies elsewhere.

Oct 28, 2026