The European Commission has approved the creation of a joint venture between BAE Systems, JAIEC, and Leonardo. This JV will lead the Global Combat Air Programme as the main contractor and system integrator.

The transaction focuses on multi-role combat aircraft, designed for various missions. The JV aims to develop a sixth-generation combat aircraft for Italy, the UK, and Japan, with future sales potential to other countries.

The Commission assessed the impact on the Italian and international markets for these aircraft and found no competition concerns. Thus, the merger was cleared without conditions.

BAES is a UK-based global defence company, JAIEC represents Japans aerospace industry, and Leonardo is an Italian aerospace firm.

The transaction was notified on April 22, 2025. The Commission reviews mergers to ensure they dont impede competition, with most approved after routine checks.

For more information, visit the Commissions competition website and the case register under case number M.11800.