Britain to unveil model of new fighter jet, earmark funds: source

Britain's Secretary of State for Defence Gavin Williamson arrives in Downing Street in London, June 26, 2018. REUTERS/Toby Melville

Farnborough, ENGLAND (Reuters) – Britain’s Defence Minister Gavin Williamson will unveil a model of the country’s proposed new fighter jet at the Farnborough International Airshow and earmark 2 billion pounds ($2.65 billion) in funding for the project, a source said on Monday.

The aircraft, which will eventually replace the Typhoon fighter jet, will be developed and built by partners BAE Systems (BAES.L), Rolls-Royce (RR.L) and Leonardo (LDOF.MI), the source said.

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