IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL5.06▼ 0.18% USD/MXN17.40▼ 0.05% USD/CLP936.59▲ 0.10% USD/COP3,203▼ 1.62% USD/PEN3.40▲ 0.08% USD/ARS1,478▲ 0.02% USD/UYU40.14▲ 1.07% USD/PYG6,035▲ 1.50% USD/BOB10.95▲ 3.79% USD/DOP58.34▲ 0.24% USD/CRC447.42▲ 1.35% USD/GTQ7.62▲ 2.27% USD/HNL26.74▲ 1.52% USD/NIO36.62▲ 0.72% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.36% USD/TTD6.71▲ 0.76% EUR/BRL5.78▼ 0.75% BRENT 93.88 ▲ 3.15% WTI 86.73 ▲ 2.14% IRON ORE 161.91 — — COPPER 6.50 ▼ 0.12% GOLD 4,160 ▲ 2.18% SILVER 60.65 ▲ 3.08% SOY 1,236 ▲ 1.31% CORN 484.75 ▲ 7.07% WHEAT 704.50 ▲ 3.91% COFFEE 315.60 ▼ 4.93% SUGAR 14.69 ▼ 1.28% ORANGE JUICE 147.55 ▲ 2.61% COTTON 80.43 ▲ 1.86% COCOA 5,340 ▼ 4.76% BEEF 219.83 ▼ 3.02% CATTLE 336.25 ▼ 3.80% LITHIUM 69.23 ▲ 0.22% PETR4 42.53 ▲ 2.09% VALE3 74.22 ▲ 2.74% ITUB4 42.33 ▼ 0.47% BBDC4 18.54 ▼ 0.05% ABEV3 15.98 ▲ 1.14% BBAS3 20.80 ▼ 0.38% B3SA3 15.54 ▲ 2.44% WEGE3 46.59 ▲ 9.70% PRIO3 59.25 ▲ 1.84% SUZB3 41.91 ▲ 0.67% RENT3 36.86 ▲ 0.85% AZZA3 17.55 ▲ 0.40% CSAN3 3.87 ▲ 2.38% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.84 ▲ 0.26% PSSA3 54.66 ▲ 2.21% CVCB3 1.20 ▲ 7.14% POSI3 3.69 ▲ 0.27% SLCE3 13.76 ▲ 0.07% NATU3 8.82 ▲ 1.26% BRKM5 6.12 ▲ 7.18% RANI3 7.94 ▲ 0.63% CSNA3 5.27 ▲ 4.15% CMIN3 5.81 ▲ 4.12% USIM5 8.57 ▲ 1.30% GGBR4 23.62 ▲ 0.55% ENEV3 25.57 ▲ 0.59% CPFE3 46.44 ▲ 0.09% CMIG4 11.09 ▲ 0.64% EQTL3 38.75 ▼ 0.21% LREN3 13.48 ▲ 1.58% VIVT3 35.45 ▼ 0.98% RAIL3 13.58 ▲ 2.57% KLABIN 17.78 ▲ 1.08% RAIA DROGASIL 18.11 ▼ 0.11% RDOR3 33.76 ▼ 0.47% HAPV3 11.53 ▲ 2.58% FLRY3 16.65 ▲ 0.60% SMTO3 15.95 ▲ 2.37% UGPA3 32.37 ▲ 1.73% VBBR3 34.54 ▲ 1.74% BBSE3 41.93 ▲ 0.91% BPAC11 55.81 ▲ 0.79% CURY3 30.12 ▲ 0.57% AERI3 2.06 ▲ 0.98% VIVARA 21.32 ▼ 0.42% COMPASS 24.72 ▲ 1.15% VAMOS 3.12 ▲ 0.97% SANB11 26.51 ▼ 2.57% ASAI3 8.38 ▲ 1.58% SBSP3 28.93 ▲ 1.15% WALMEX 49.06 ▼ 0.18% GMEXICO 212.89 ▲ 1.88% FEMSA 229.00 ▲ 1.00% CEMEX 22.17 ▲ 0.45% GFNORTE 186.42 ▲ 0.33% BIMBO 60.19 ▲ 1.35% TELEVISA 9.98 ▲ 2.25% AMX 22.72 ▼ 0.18% GAP 378.22 ▼ 0.08% ASUR 272.32 ▼ 0.96% OMA 228.42 ▲ 0.95% KOF 183.08 ▲ 1.45% GRUMA 281.44 ▼ 0.41% KIMBER 39.37 ▲ 2.53% SQM-B 66,181 ▲ 2.54% COPEC 6,464 ▲ 0.22% BSANTANDER 79.27 ▲ 0.33% FALABELLA 5,946 ▲ 0.45% ENELAM 84.12 ▼ 0.49% CENCOSUD 2,018 ▼ 0.48% CMPC 1,075 ▼ 0.82% BANCO CHILE 189.40 ▼ 0.32% LATAM AIR 23.95 ▼ 1.03% YPF 81,300 ▲ 0.84% GGAL 8,175 ▲ 2.64% PAMPA 5,505 ▲ 0.55% TXAR 677.00 ▼ 0.29% ALUAR 977.00 ▲ 0.41% TGS 9,780 ▲ 0.72% CEPU 2,354 ▲ 0.60% MIRGOR 16,825 ▲ 0.30% COME 42.90 ▲ 0.07% LOMA NEGRA 3,620 ▲ 0.42% BYMA 295.50 ▲ 1.11% TELECOM ARG 4,245 ▼ 0.24% ECOPETROL 16.89 ▲ 2.18% BANCOLOMBIA 84.05 ▲ 0.48% GRUPO AVAL 5.03 ▼ 1.18% CREDICORP 389.00 ▼ 0.54% SOUTHERN COPPER 192.17 ▲ 2.21% BUENAVENTURA 32.67 ▲ 4.53% MERCADOLIBRE 1,803 ▼ 1.09% NUBANK 14.00 ▼ 2.71% XP 16.90 ▲ 0.27% PAGSEGURO 9.51 ▼ 0.73% STONE 11.14 ▼ 1.07% GLOBANT 31.85 ▼ 0.78% TECNOGLASS 45.18 ▲ 0.07% GAP AIRPORT 217.08 ▼ 0.28% ASUR 272.32 ▼ 0.96% OMA AIRPORT 105.24 ▲ 0.97% AMX ADR 26.10 ▲ 0.04% FEMSA ADR 131.24 ▲ 0.68% CEMEX ADR 12.73 ▲ 0.20% PETROBRAS ADR 18.93 ▲ 2.08% VALE ADR 14.68 ▲ 2.98% ITAU ADR 8.35 ▼ 0.65% SANTANDER BR 5.37 ▼ 0.83% AMBEV ADR 3.13 ▲ 0.64% CSN 1.06 ▲ 5.50% GERDAU 4.68 ▲ 0.94% LATAM ADR 51.13 ▼ 0.85% BTC 65,914 ▼ 0.89% ETH 1,942 ▲ 0.70% SOL 78.38 ▲ 0.35% XRP 1.15 ▲ 0.42% BNB 571.88 ▼ 0.30% ADA 0.18 ▲ 1.93% DOGE 0.07 ▼ 0.33% AVAX 6.63 ▲ 1.05% LINK 8.69 ▲ 0.44% DOT 0.84 ▼ 0.57% LTC 46.85 ▲ 0.07% BCH 220.31 ▼ 1.51% TRX 0.33 ▼ 0.36% XLM 0.19 ▼ 0.91% HBAR 0.07 ▲ 5.11% NEAR 1.89 ▼ 2.28% ATOM 1.46 ▼ 1.42% AAVE 97.51 ▲ 2.03% SELIC 14.25% EMBRAER 82.93 ▲ 0.34% EMBRAER ADR 65.57 ▲ 0.15% JBS 12.09 ▲ 1.17% JBS BDR 61.23 ▲ 1.68% MBRF3 15.44 ▲ 2.18% MBRFY 3.00 ▲ 1.69% INTER 5.46 ▼ 2.15% IBOV 176,402.10 ▲ 1.77% IPSA 10,989.46 ▲ 0.32% IPC MEX 66,709.60 ▲ 0.88% MERVAL 3,343,345 ▲ 1.87% COLCAP 2,312.45 ▲ 0.48% BVL PERÚ 57,575.02 — — USD/BRL 5.06 ▼ 0.18% USD/MXN 17.40 ▼ 0.05% USD/CLP 936.59 ▲ 0.10% USD/COP 3,203 ▼ 1.62% USD/PEN 3.40 ▲ 0.08% USD/ARS 1,478 ▲ 0.02% USD/UYU 40.14 ▲ 1.07% USD/PYG 6,035 ▲ 1.50% USD/BOB 10.95 ▲ 3.79% USD/DOP 58.34 ▲ 0.24% USD/CRC 447.42 ▲ 1.35% USD/GTQ 7.62 ▲ 2.27% USD/HNL 26.74 ▲ 1.52% USD/NIO 36.62 ▲ 0.72% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.35% USD/TTD 6.71 ▲ 0.76% EUR/BRL 5.78 ▼ 0.75% BRENT 93.88 ▲ 3.15% WTI 86.73 ▲ 2.14% IRON ORE 161.91 — — COPPER 6.50 ▼ 0.12% GOLD 4,160 ▲ 2.18% SILVER 60.65 ▲ 3.08% SOY 1,236 ▲ 1.31% CORN 484.75 ▲ 7.07% WHEAT 704.50 ▲ 3.91% COFFEE 315.60 ▼ 4.93% SUGAR 14.69 ▼ 1.28% ORANGE JUICE 147.55 ▲ 2.61% COTTON 80.43 ▲ 1.86% COCOA 5,340 ▼ 4.76% BEEF 219.83 ▼ 3.02% CATTLE 336.25 ▼ 3.80% LITHIUM 69.23 ▲ 0.22% PETR4 42.53 ▲ 2.09% VALE3 74.22 ▲ 2.74% ITUB4 42.33 ▼ 0.47% BBDC4 18.54 ▼ 0.05% ABEV3 15.98 ▲ 1.14% BBAS3 20.80 ▼ 0.38% B3SA3 15.54 ▲ 2.44% WEGE3 46.59 ▲ 9.70% PRIO3 59.25 ▲ 1.84% SUZB3 41.91 ▲ 0.67% RENT3 36.86 ▲ 0.85% AZZA3 17.55 ▲ 0.40% CSAN3 3.87 ▲ 2.38% RAIZ4 0.27 — 0.00% PCAR3 2.72 ▼ 0.37% GMAT3 3.84 ▲ 0.26% PSSA3 54.66 ▲ 2.21% CVCB3 1.20 ▲ 7.14% POSI3 3.69 ▲ 0.27% SLCE3 13.76 ▲ 0.07% NATU3 8.82 ▲ 1.26% BRKM5 6.12 ▲ 7.18% RANI3 7.94 ▲ 0.63% CSNA3 5.27 ▲ 4.15% CMIN3 5.81 ▲ 4.12% USIM5 8.57 ▲ 1.30% GGBR4 23.62 ▲ 0.55% ENEV3 25.57 ▲ 0.59% CPFE3 46.44 ▲ 0.09% CMIG4 11.09 ▲ 0.64% EQTL3 38.75 ▼ 0.21% LREN3 13.48 ▲ 1.58% VIVT3 35.45 ▼ 0.98% RAIL3 13.58 ▲ 2.57% KLABIN 17.78 ▲ 1.08% RAIA DROGASIL 18.11 ▼ 0.11% RDOR3 33.76 ▼ 0.47% HAPV3 11.53 ▲ 2.58% FLRY3 16.65 ▲ 0.60% SMTO3 15.95 ▲ 2.37% UGPA3 32.37 ▲ 1.73% VBBR3 34.54 ▲ 1.74% BBSE3 41.93 ▲ 0.91% BPAC11 55.81 ▲ 0.79% CURY3 30.12 ▲ 0.57% AERI3 2.06 ▲ 0.98% VIVARA 21.32 ▼ 0.42% COMPASS 24.72 ▲ 1.15% VAMOS 3.12 ▲ 0.97% SANB11 26.51 ▼ 2.57% ASAI3 8.38 ▲ 1.58% SBSP3 28.93 ▲ 1.15% WALMEX 49.06 ▼ 0.18% GMEXICO 212.89 ▲ 1.88% FEMSA 229.00 ▲ 1.00% CEMEX 22.17 ▲ 0.45% GFNORTE 186.42 ▲ 0.33% BIMBO 60.19 ▲ 1.35% TELEVISA 9.98 ▲ 2.25% AMX 22.72 ▼ 0.18% GAP 378.22 ▼ 0.08% ASUR 272.32 ▼ 0.96% OMA 228.42 ▲ 0.95% KOF 183.08 ▲ 1.45% GRUMA 281.44 ▼ 0.41% KIMBER 39.37 ▲ 2.53% SQM-B 66,181 ▲ 2.54% COPEC 6,464 ▲ 0.22% BSANTANDER 79.27 ▲ 0.33% FALABELLA 5,946 ▲ 0.45% ENELAM 84.12 ▼ 0.49% CENCOSUD 2,018 ▼ 0.48% CMPC 1,075 ▼ 0.82% BANCO CHILE 189.40 ▼ 0.32% LATAM AIR 23.95 ▼ 1.03% YPF 81,300 ▲ 0.84% GGAL 8,175 ▲ 2.64% PAMPA 5,505 ▲ 0.55% TXAR 677.00 ▼ 0.29% ALUAR 977.00 ▲ 0.41% TGS 9,780 ▲ 0.72% CEPU 2,354 ▲ 0.60% MIRGOR 16,825 ▲ 0.30% COME 42.90 ▲ 0.07% LOMA NEGRA 3,620 ▲ 0.42% BYMA 295.50 ▲ 1.11% TELECOM ARG 4,245 ▼ 0.24% ECOPETROL 16.89 ▲ 2.18% BANCOLOMBIA 84.05 ▲ 0.48% GRUPO AVAL 5.03 ▼ 1.18% CREDICORP 389.00 ▼ 0.54% SOUTHERN COPPER 192.17 ▲ 2.21% BUENAVENTURA 32.67 ▲ 4.53% MERCADOLIBRE 1,803 ▼ 1.09% NUBANK 14.00 ▼ 2.71% XP 16.90 ▲ 0.27% PAGSEGURO 9.51 ▼ 0.73% STONE 11.14 ▼ 1.07% GLOBANT 31.85 ▼ 0.78% TECNOGLASS 45.18 ▲ 0.07% GAP AIRPORT 217.08 ▼ 0.28% ASUR 272.32 ▼ 0.96% OMA AIRPORT 105.24 ▲ 0.97% AMX ADR 26.10 ▲ 0.04% FEMSA ADR 131.24 ▲ 0.68% CEMEX ADR 12.73 ▲ 0.20% PETROBRAS ADR 18.93 ▲ 2.08% VALE ADR 14.68 ▲ 2.98% ITAU ADR 8.35 ▼ 0.65% SANTANDER BR 5.37 ▼ 0.83% AMBEV ADR 3.13 ▲ 0.64% CSN 1.06 ▲ 5.50% GERDAU 4.68 ▲ 0.94% LATAM ADR 51.13 ▼ 0.85% BTC 65,914 ▼ 0.89% ETH 1,942 ▲ 0.70% SOL 78.38 ▲ 0.35% XRP 1.15 ▲ 0.42% BNB 571.88 ▼ 0.30% ADA 0.18 ▲ 1.93% DOGE 0.07 ▼ 0.33% AVAX 6.63 ▲ 1.05% LINK 8.69 ▲ 0.44% DOT 0.84 ▼ 0.57% LTC 46.85 ▲ 0.07% BCH 220.31 ▼ 1.51% TRX 0.33 ▼ 0.36% XLM 0.19 ▼ 0.91% HBAR 0.07 ▲ 5.11% NEAR 1.89 ▼ 2.28% ATOM 1.46 ▼ 1.42% AAVE 97.51 ▲ 2.03% SELIC 14.25% EMBRAER 82.93 ▲ 0.34% EMBRAER ADR 65.57 ▲ 0.15% JBS 12.09 ▲ 1.17% JBS BDR 61.23 ▲ 1.68% MBRF3 15.44 ▲ 2.18% MBRFY 3.00 ▲ 1.69% INTER 5.46 ▼ 2.15%
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Defense Monitor Europe and Russia

Saudi Arabia Seeks Key Role in European-Led Global Fighter Jet Initiative

By · April 2, 2025 · 2 min read

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Saudi Arabia is exploring a partnership with Japan, Italy, and the United Kingdom to develop a next-generation fighter jet under the Global Combat Air Programme (GCAP).

This ambitious initiative aims to produce a sixth-generation stealth aircraft by 2035, designed to replace the Eurofighter Typhoon and Japan’s Mitsubishi F-2. The collaboration highlights shifting dynamics in global defense alliances amid rising geopolitical tensions.

Saudi Arabia plans to contribute financially and potentially acquire the advanced fighter jets once developed. Italian Prime Minister Giorgia Meloni has welcomed Riyadh’s involvement, emphasizing its potential to accelerate development through significant investments.

The Kingdom’s participation aligns with its Vision 2030 strategy, which seeks to localize half of its military spending and diversify its economy. The GCAP program unites Japan’s F-X project and the UK-led Tempest initiative, creating an equal partnership among the three founding nations.

Leading defense companies, including BAE Systems, Leonardo, and Mitsubishi Heavy Industries, are spearheading the design and manufacturing efforts. The project has secured €40 billion ($43.4 billion) in funding and plans to produce 350 aircraft by 2035.

Saudi Arabia Seeks Key Role in European-Led Global Fighter Jet Initiative
Saudi Arabia Seeks Key Role in European-Led Global Fighter Jet Initiative. (Photo Internet reproduction)
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The fighter jet will feature cutting-edge technologies such as advanced radar systems, integrated sensors, smart weapons systems, and a digital cockpit. These innovations aim to ensure military superiority while addressing emerging threats from adversaries like Russia and China.

Saudi Arabia’s Strategic Role in Defense Modernization

Saudi Arabia’s involvement would mark a significant milestone in its defense modernization efforts. Historically reliant on Western systems, Riyadh has pursued partnerships to enhance domestic capabilities.

Collaborations with Lockheed Martin for THAAD missile production and Turkish Aerospace Industries for UAV manufacturing underscore this trend. Despite the benefits of Saudi participation, concerns persist over technology transfer risks.

Japanese officials worry that sensitive defense secrets could inadvertently reach adversaries like Russia or China if Saudi Arabia or India acquires advanced equipment.

Italy is also exploring additional defense collaborations with Japan. Rome plans to import Japan’s P-1 maritime patrol aircraft by 2029 and export its M-346 training jets to Tokyo.

These exchanges reflect deepening ties between participating nations across various defense domains. Saudi Arabia’s potential inclusion in GCAP underscores growing international cooperation in defense technology.

For Riyadh, it offers access to advanced aerospace systems while strengthening its domestic industry. For Japan, Italy, and the UK, Saudi investments could reduce costs and accelerate timelines. Negotiations remain critical as all parties balance collaboration with safeguarding national security interests.

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