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 ...