Dassault, BAE To Work On Unmanned Fighter Jet Project

http://www.4-traders.com/DASSAULT-AVIATION-5215/news/Dassault-BAE-To-Work-On-Unmanned-Fighter-Jet-Project-Report-14026470/

PARIS -(Dow Jones)- French maker of business and fighter jets Dassault Aviation SA (>> DASSAULT AVIATION) and U.K. aerospace company BAE Systems PLC (>> BAE Systems plc) will start working on a joint prototype of an unmanned fighter jet to be ready in 2020, French newspaper Les Echos reported Thursday, citing sources close to the situation.

French President Nicolas Sarkozy and U.K. Prime Minister David Cameron will announce the project Friday after an official meeting, the newspaper said.

The project will have an investment of a few tens of millions of euros, according to the report. The new stealth jet would eventually replace both the Rafale and Eurofighter, Les Echos said.

Officials at Dassault or Sarkozy’s office weren’t immediately available to comment.