AVN 65.55 Decreased By ▼ -0.62 (-0.94%)
BAFL 29.99 Decreased By ▼ -0.26 (-0.86%)
BOP 4.67 Decreased By ▼ -0.06 (-1.27%)
CNERGY 3.89 Decreased By ▼ -0.12 (-2.99%)
DFML 13.60 Decreased By ▼ -0.50 (-3.55%)
DGKC 42.10 Decreased By ▼ -1.59 (-3.64%)
EPCL 45.97 Increased By ▲ 1.32 (2.96%)
FCCL 11.45 Decreased By ▼ -0.38 (-3.21%)
FFL 5.19 Increased By ▲ 0.22 (4.43%)
FLYNG 5.84 Decreased By ▼ -0.26 (-4.26%)
GGL 10.05 Decreased By ▼ -0.33 (-3.18%)
HUBC 63.04 Increased By ▲ 0.74 (1.19%)
HUMNL 5.82 Decreased By ▼ -0.03 (-0.51%)
KAPCO 27.75 Increased By ▲ 0.20 (0.73%)
KEL 2.18 Decreased By ▼ -0.03 (-1.36%)
LOTCHEM 25.92 Decreased By ▼ -0.68 (-2.56%)
MLCF 21.80 Decreased By ▼ -0.72 (-3.2%)
NETSOL 84.72 Decreased By ▼ -1.48 (-1.72%)
OGDC 85.40 Decreased By ▼ -0.87 (-1.01%)
PAEL 10.97 Decreased By ▼ -0.30 (-2.66%)
PIBTL 4.22 Decreased By ▼ -0.06 (-1.4%)
PPL 77.88 Decreased By ▼ -2.20 (-2.75%)
PRL 13.55 Decreased By ▼ -0.11 (-0.81%)
SILK 0.90 No Change ▼ 0.00 (0%)
SNGP 40.70 Decreased By ▼ -1.05 (-2.51%)
TELE 6.02 Decreased By ▼ -0.19 (-3.06%)
TPLP 15.92 Decreased By ▼ -0.35 (-2.15%)
TRG 110.60 Decreased By ▼ -1.95 (-1.73%)
UNITY 14.08 Decreased By ▼ -0.27 (-1.88%)
WTL 1.15 Decreased By ▼ -0.05 (-4.17%)
BR100 4,036 Decreased By -38.8 (-0.95%)
BR30 14,358 Decreased By -167.9 (-1.16%)
KSE100 40,516 Decreased By -330.5 (-0.81%)
KSE30 15,117 Decreased By -94.7 (-0.62%)
Follow us

BERLIN: Disagreements over intellectual property rights mean Germany, France and Spain have yet to agree the next steps for a joint fighter jet project, the defence ministry in Berlin said on Saturday after a deadline to find a solution ran out.

Last week, the defence ministers of Germany and France set an end-April deadline to broker a deal over the Future Combat Air System (FCAS), Europe's largest defence project.

"No agreement over the use of the intellectual property rights has been found yet," a ministry spokeswoman said. "For Germany, unrestricted access to the results of the jointly financed research is of utmost importance."

The countries were aiming for an agreement next week, she added.

Costing more than 100 billion euros ($120 billion), the development of the jet brings together Germany, France and Spain.

Dassault Aviation, Airbus and Indra are involved in the scheme to start replacing France's Rafale and German and Spanish Eurofighters from 2040.

Berlin's defence ministry spokeswoman said there needed to be an adequate arrangement for the use of intellectual property rights in the jet which respected the interests of all participants in the project.

She said negotiations were continuing and it remained Germany's goal to present a proposal to the parliament's budget committee in June.

The next step of the jet's development is conditional on the German parliament's approval, and time is running out to find a solution to present a proposal in time for the parliament's budget committee to vote upon it before a general election in September.

Previously, a source with knowledge of the issue had told Reuters that the German defence ministry has to refer the budget proposal to the finance ministry by May 19.

Earlier this week, MTU Aero, Safran and ITP Aero solved their row about the development and production of the jet's engines, agreeing to share the workload evenly between the three companies.

Comments

Comments are closed.

Germany, France, Spain aim for fighter jet agreement next week

PM Shehbaz hopeful of IMF programme revival ‘this month’

Islamabad court sends Fawad Chaudhry to Adiala jail on 14-day judicial remand

India’s Adani slammed by $48bn stock rout, clouding record share sale

Signing of deal in March: Refineries to get Russian oil by April-end

Premature termination of PPA of Hubco power plant recommended

Govt may exempt solar equipment from all taxes

Canada names journalist Amira Elghawaby as first anti-Islamophobia advisor

India expects more clashes with Chinese troops in Himalayas

To be presented in first week of June: FY24 budget call circular issued to ministries, divisions

Power surge crashes grid, plunging millions into darkness