Swiss parliament approves new 6 billion franc fighter jet purchase

Summary:
Before Christmas, Switzerland’s parliament approved the purchase of a new fleet of fighter jets costing CHF 6 billion, according to RTS. Existing Swiss Air Force F-18 – © Andrew David Periam | Dreamstime.comThe 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 jets from Saab

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Investec considers the following as important: Business & Economy, Editor's Choice, Fighter jets Switzerland, Politics

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