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The 18-month agreement covers completion of the concept and assessment phase and further detailed design work for the trinational fighter aircraft.
The international venture GCAP will deliver a next-generation stealth combat aircraft, supporting defence industries across the UK, Italy and Japan to address evolving global threats.
The new joint venture will have operations and joint teams working in each of the partner nations. It will be headquartered in the UK.
The joint GCAP government HQ will be hosted in the UK and the first CEO will come from Japan. In addition, the future business construct will also be headquartered in the UK and the first leader will be from Italy.