Swiss parliament approves new 6 billion franc fighter jet purchase

Summary:
Existing Swiss Air Force F-18 – © Andrew David Periam | Dreamstime.com Before Christmas, Switzerland’s parliament approved the purchase of a new fleet of fighter jets costing CHF 6 billion, according to RTS. The plan, which aims to defend Swiss airspace beyond 2030, has now been approved by both Switzerland’s upper and lower houses. Any contract to supply the aircraft will require a foreign supplier to invest in related industries in Switzerland. Some have described this arrangement as a convoluted and questionable form of state aid to particular industries. The four foreign suppliers being considered are Airbus, Boeing, Dassault and Lockheed-Martin. Many are against the decision and a referendum is likely in 2020. In 2014, voters rejected a plan to buy Gripen

Topics:
Investec considers the following as important: 3) Swiss Markets and News, 3.) Investec, Featured, newsletter

This could be interesting, too:

Martin Hartmann writes Save-the-Date: 18. Juni 2024 🥳

Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression

Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism

Douglas French writes Millennials: In Costco We Trust