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Companies from UK, Italy and Japan to form joint venture for new fighter jet

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United Kingdom,Aerospace And Defense Industry,Mergers And Acquisitions

The three companies building a next generation fighter jet for the U.K., Italy and Japan have revealed that they are forming a joint venture to deliver the aircraft. The agreement was announced Friday. Britain’s BAE Systems, Italy’s Leonardo and Japan Aircraft Industrial Enhancement will each own a third of the new joint venture.

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“This agreement is the result of an intensive journey made possible by pooling our mutual and shared experiences,” said Roberto Cingolani, Leonardo’s chief executive.

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