HomeAmericaMerz says he will fight for future of Franco-German fighter jet project

Merz says he will fight for future of Franco-German fighter jet project

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BERLIN, March 27 (Reuters) - ‌German Chancellor Friedrich Merz said on Friday ​he is doing everything in his power to salvage the crisis-hit ⁠FCAS fighter jet programme with France and Spain and to generally foster greater cooperation within Europe's defence industry.

"The future ​of German industry is now at stake, and this industry ‌is heavily dependent on the defence sector," Merz told a conference hosted by the FAZ newspaper, adding that he would "fight ⁠until the very last moment" for joint European ⁠projects like FCAS.

The chancellor said two moderators - one from France, one from Germany - have been appointed to come up with ways to secure the future of the project ‌by the end of next month.

The plans to develop ⁠a futuristic air combat system are ‌hanging by a thread amid a ​public dispute over control between France's Dassault Aviation and Airbus, which represents Germany and Spain in the 100-billion-euro project.

The ‌chancellor also said that the German ​government would purchase a ⁠stake in KNDS, the Franco-German maker of Leopard ‌tanks, as it seeks to ⁠preserve influence after a planned listing later this year valuing the company at 20-25 billion euros.

Reuters reported in February ​that Berlin was preparing ‌to buy a minority stake in KNDS of at ⁠least 25.1%, citing people familiar ​with the matter.

(Reporting by Rachel More and Alexander Huebner; ​Editing by Chizu Nomiyama )

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