NEW: The UK Treasury is set to take direct control of spending on GCAP/Tempest, Britain's £12bn+ sixth-generation fighter jet programme, amid fears of cost overruns.

INTELLIGENCE SUMMARY

NEW: The UK Treasury is set to take direct control of spending on GCAP/Tempest, Britain's £12bn+ sixth-generation fighter jet programme, amid fears of cost overruns. Around £6bn in fresh funding is expected as part of a broader £15bn defence package. The move is urgent — bridge funding for the UK-Italy-Japan trilateral programme expires June 30, putting 4,000+ engineers at risk of redeployment if a longer-term contract isn't signed in time. Source: FT