Britain and Japan are set to dominate a three-nation project with Italy to build an advanced jet fighter, with Rome set to pay around only a fifth of the overall development cost, two sources said.
Known as the Global Combat Air Programme , the project is expected to cost tens of billions of dollars before the new jet fighter enters service around the middle of the next decade.
"The cost of the project will likely be around 40% each for Japan and Britain," one of the people with knowledge of discussions told Reuters. Both sources, who asked to remain anonymous because they are not authorized to talk to the media, added that most of the programmes details were yet to be decided.
That rough investment breakdown is among the first details to emerge from talks on a high-profile venture that will be a test of whether Japan and Europe can collaborate on major military projects. Japan's defence ministry said that discussions were ongoing and declined to comment on the cost sharing ratios.
The defence ministers from the three countries, Japan's Yasukazu Hamada, Britain's Ben Wallace and Italy's Guido Crosetto will gather in Tokyo on Thursday, for their first face to face meeting since the fighter deal was agreed in December.
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