UK Invites Canada to Join Next-Generation Fighter Program

The new British government plans to invite Canada to join the GCAP sixth-generation fighter jet development program. The announcement comes as European allies seek to reduce their dependence on US weapons and military technology.

The announcement was made during the Farnborough International Airshow, one of the aviation and defense industry's most important events. The GCAP program is being jointly developed by the United Kingdom, Italy and Japan. Canada is expected to join as an observer, marking the project's first expansion beyond its founding members.

On his first day in office, Prime Minister Andy Burnham appointed John Healey as Chancellor of the Exchequer and former Health Secretary Wes Streeting as Defense Secretary.

Shares in British defense companies BAE Systems and Babcock rose by 3% and 6%, respectively, following the announcement. Markets expect the new government to increase support for the defense industry.

Canada is becoming an increasingly important defense partner for European countries. Observer status will not involve any financial commitment, but Canada could later become a full participant in the program, contribute to development funding and order the new aircraft.

At this year's Farnborough International Airshow, defense companies accounted for half of the record 1,600 exhibitors. They showcased technologies ranging from unmanned fighter jets and hypersonic missiles to spy satellites and artificial intelligence-enabled weapons systems.

(Reuters, bak)