Airbus, Indra, others offer Spain alternative to FCAS fighter jet project - Finance news and analysis from Global Banking & Finance Review
Finance

Airbus, Indra, others offer Spain alternative to FCAS fighter jet project

Published by Global Banking & Finance Review

Posted on June 11, 2026

2 min read

· Last updated: June 11, 2026

Add as preferred source on Google

Airbus, Indra Lead Spain's Alternative Plan After FCAS Fighter Jet Project Ends

Spain's Defence Industry Responds to FCAS Project Cancellation

MADRID, June 11 (Reuters) - Defence companies including European aerospace giant Airbus and Indra signed a joint statement on Thursday offering Spain's Defence Ministry their capabilities to develop an alternative to the FCAS fighter jet project.

Joint Statement and Industry Collaboration

The firms were willing to work with other European countries to implement the next phases of development of the sixth-generation combat system, the statement signed by Airbus, GMV, Grupo Oesia, Indra, ITP Aero and Sener said. 

Goals for the Alternative Combat System

• The companies said their goal was for an alternative combat system to be ready by around 2040.

Background: FCAS Project Termination

• France and Germany agreed to scrap the Future Combat Air System, or FCAS, but will continue to develop a related drone system and data network, two German government officials told Reuters on Monday.

Reasons Behind the Cancellation

• The move to cancel FCAS came after German Chancellor Friedrich Merz and French President Emmanuel Macron had concluded that Airbus and France's Dassault Aviation were unable to reach an agreement.

Spain's Role and Reaction

• Spain, which was taking part in the project through its stakes in Indra and Airbus, called the scrapping of the project a "policy failure" for Europe.

Official Statements

•  "Industrial interests have been prioritised over Europe's security and defence interests," Spanish Defence Minister Margarita Robles told reporters on Tuesday.

(Reporting by Javi West Larrañaga; Editing by Jan Harvey)

Key Takeaways

  • Spain’s top aerospace and defence companies—Airbus, GMV, Grupo Oesía, Indra, ITP Aero and Sener—have presented a joint commitment to design an alternative to the cancelled FCAS fighter programme, aiming for deployment circa 2040 (Reuters; El País) (elpais.com).
  • The Franco‑German FCAS project, a €80–100 billion initiative launched in 2017, was terminated by France and Germany on June 8 due to irreconcilable disputes between Airbus and Dassault over leadership, industrial roles and intellectual property (Euronews; Le Monde) (euronews.com).
  • In Spain, the cancellation has significant industrial and financial repercussions: Spain had joined FCAS in 2019 with over €2 billion invested via Indra, ITP Aero and Sener; the collapse led to a 4.2 % drop in Indra’s stock price (El País; Cinco Días) (elpais.com).

References

Frequently Asked Questions

Who is offering Spain an alternative to the FCAS fighter jet project?
Airbus, Indra, GMV, Grupo Oesia, ITP Aero, and Sener are jointly offering Spain an alternative to the FCAS project.
Why was the FCAS fighter jet project scrapped?
The FCAS project was cancelled because Airbus and France's Dassault Aviation could not reach an agreement.
What is the proposed timeline for the alternative combat system?
The companies aim for the alternative combat system to be ready by around 2040.
What role did Spain play in the original FCAS project?
Spain participated in the original FCAS project through its stakes in Indra and Airbus.
How did Spain's Defence Minister react to the project cancellation?
Spanish Defence Minister Margarita Robles called the scrapping a 'policy failure' for Europe.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category