Switzerland to bolster ailing armaments industry

Switzerland has adopted a new procurement strategy to save the ailing Swiss defence industry from collapse. +Get the most important news from Switzerland in your inbox The strategy aims to procure the majority of armaments domestically and to invest more in domestic research. + Swiss neutrality harming defence industry The state government wrote in a press release on Friday about a "reorientation of defence policy". The aim is to strengthen domestic industry, expand international defence cooperation and procure new technologies faster, more flexibly and cheaply. + Trump shock pushes neutral Switzerland to defence pacts A corresponding action plan contains 23 measures. For example, in future, 60% of all defence procurement should take place in Switzerland if possible, and a further thirty per cent in Europe. The Federal Council also plans to strengthen cooperation with Swiss universities, start-ups and SMEs. By 2030, 2% of the armed forces budget is to be allocated to research and ... Full story here Are you the author? Previous post See more for 3.) Swissinfo Business and Economy Next post
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