May announces new 2 bn pounds UK-Italian fighter jet project

Farnborough (UK): Prime Minister Theresa May yesterday announced a new 2.0 billion pounds (2.3 billion euros, USD 2.7 billion) programme with Italy's Leonardo to design a new generation fighter jet as Britain aims to project aerospace prowess into its post-Brexit



future. 

"I can announce that the government will join with BAE Systems, Leonardo, MBDA and Rolls Royce to fund the next phase of the Future Combat Air System Technology Initiative through a ground-breaking partnership known as Team Tempest," she said.