Stock Markets February 20, 2026

Airbus Signals Readiness for Split Outcome as Franco-German Fighter Project Falters

CEO outlines a range of pathways for the Future Combat Air System as tensions over workshare and technology rights threaten joint development

By Nina Shah
Airbus Signals Readiness for Split Outcome as Franco-German Fighter Project Falters

Airbus CEO Guillaume Faury told France’s BFM TV the company is preparing for multiple eventualities in the Future Combat Air System (FCAS) programme, including the prospect that France and Germany pursue separate fighter jets. The 100 billion euro FCAS effort, which pairs a next-generation fighter with armed drones and secure communications, is strained by disputes between Airbus and Dassault Aviation over workshare and technology rights.

Key Points

  • Airbus CEO Guillaume Faury said the company is preparing for multiple scenarios in the FCAS programme, including separate French and German-led fighters.
  • The Future Combat Air System is a 100 billion euro effort to develop a next-generation fighter supported by armed drones and secure communications.
  • Disputes over workshare and technology rights between Dassault Aviation and Airbus have created tensions that put the co-development framework at risk - impacting the defense and aerospace sectors as well as related industrial supply chains.

Overview

Airbus is positioning itself for a range of possible outcomes in the troubled Future Combat Air System programme, including a scenario in which the initiative is split into distinct French-led and German-led fighter projects, CEO Guillaume Faury said in remarks to France's BFM TV on Friday.

Faury said he remains hopeful that a jointly developed European fighter can be achieved, but added that Airbus is preparing for other paths should cooperation prove unsustainable. He reiterated that separating the programme into two different aircraft remains on the table, and he raised questions about how much collaboration on shared systems could endure if the core platform diverges.

The programme and the stakes

The Future Combat Air System is described by participants as a 100 billion euro programme to develop a new fighter supported by armed drones and secure links. The project has become strained by a rivalry between France's Dassault Aviation and Airbus, which is representing Germany and Spain within the programme. Tensions have emerged over how work will be divided and which partners will hold technology rights, creating uncertainty around the programme's structure.

On Thursday, Faury publicly acknowledged for the first time that the central element of the FCAS could be split into two separate fighters that would nevertheless operate under a common framework. In his remarks to the business channel, he outlined a spectrum of options, from a core family of aircraft sharing technology to a full split where France and Germany each pursue independent solutions.

Illustrations and parallels

To illustrate the range of possible outcomes, Faury pointed to Airbus' civil A350 family. He noted that the A350-900 and A350-1000 are distinct aircraft with very high degrees of commonality. By contrast, he said European fighters currently share no common parts, framing that contrast as emblematic of the choices facing FCAS planners.

Implications for industrial cooperation

Faury’s comments underline the question of how far industrial and technological cooperation can be preserved if the programme moves toward a split. He left open the possibility that some systems could remain harmonised even if the central fighter designs diverge, but he did not detail which systems that might include.


Summary

Airbus is preparing for multiple outcomes in the FCAS programme, from a unified, tech-sharing family of aircraft to two entirely separate national fighters, as disputes over workshare and technology rights between Airbus and Dassault threaten the joint project.

Risks

  • Potential split of the FCAS core into two separate fighter programmes could fragment industrial collaboration and raise costs - affecting defense procurement and aerospace manufacturers.
  • Ongoing disputes over workshare and technology rights could limit the extent of cooperation on shared systems, introducing uncertainty for suppliers and governments funding the programme.
  • If core platform commonality is reduced, interoperability and economies of scale for drones and secure links may be diminished - posing strategic and budgetary challenges for defense planners and contractors.

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