Switzerland to Speed Up F-35 Purchase

The Government of Switzerland prepares to speed up F-35 acquisition process from the United States and sign a contract by the end of March to buy 36 of the stealth fighters. The government wants to go ahead with the purchase without waiting for a referendum on the $5.5 billion deal.

The opposition has criticized the government, labeling the acquisition as a luxury and said they would force a referendum to overturn the deal. Switzerland chose the F-35 last year as its next-generation fighter jet.

The government said it was unclear whether the purchase could take place under the same conditions if the deal had to be renegotiated once the offer expires next year.

It further stated that many countries have started making deals for the fighter jet including Finland’s order of 64 F-35As, Germany’s 35 and Canada’s 88.

The government said the opposition’s threat created a risk of delay in delivery. It added that the target is the aircraft to be delivered as planned from 2027 to ensure that the population is protected from threats from the air after 2030.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today

Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Invasion of Ukraine Causes Volatility in Already Tight Markets

Russia’s invasion of Ukraine caused volatility and uncertainty in the markets on Thursday as investors try to assess the long term consequences of the conflict. After a sharp fall early in the day, U.S. stocks rallied later while haven assets such as gold and Treasuries lose some of the earlier gains. Oil prices also eased after breaching the $100 threshold for the first time since 2014. 

Chemicals, Metals Would Be Affected Most from a German Gas Rationing

Metals, chemicals and paper industries would be hit the hardest in case Germany is forced to implement gas rationing, amid heightened uncertainty over Russian supply via the Nord Stream 1 pipeline. A cut in gas supplies could also impact less energy intensive but key economic sectors due to a lack of upstream products. 

China’s First Futures Law Could be Implemented in 2022

According to a China Futures Association statement, China Securities Regulatory Commission will support futures companies in their development and allow qualified firms to be listed. The statement referred to an industry conference, where the regulatory body told it would support futures companies to widen and diversify their financing channels in order to compete with foreign rivals.  

Stay informed

error: This content is protected !!