BAE Systems, Leonardo, Mitsubishi Heavy face £255 million-a-month test on GCAP fighter project
Global Combat Air Programme’s latest award gets attention for its size, but spending speed is the real story. The UK-Italy-Japan fighter project has awarded £5.286 billion to Edgewing since April. That works out to a monthly burn of around £252 million over the three-month bridge contract plus the new 18-month phase. Actual monthly revenue isn’t fixed, but the number gives investors a way to gauge the engineering pace behind the sixth-generation jet. GCAP Agency has given Edgewing a new £4.6 billion contract to complete the advanced concept and assessment phase and push the joint detailed design and development forward. Edgewing is the trinational prime and design authority. The contract follows an earlier £686 million deal from April.