Japan's Mitsubishi Electric to start industrial build-up for GCAP fighter

TOKYO, Aug 6 : Mitsubishi Electric plans to build three facilities to produce electronic systems for the advanced fighter being developed by Japan, Britain and Italy, and expects the project to contribute to profits by the end of the decade, its chief financial officer said.The Japanese company is a key participant in the Global Combat Air Programme (GCAP), which aims to deploy a frontline fighter by 2035. Its construction plans are a sign that the project is moving beyond government agreements and preliminary design into an industrial build-up."My sense is that it could begin contributing to earnings around fiscal 2029 or 2030, or perhaps a year before that," Kenichiro Fujimoto said in an interview. The company will receive compensation for deploying personnel and building prototypes, he