Ruag wins an order from the American Raytheon

Ruag wins an order from the American Raytheon
Ruag wins an order from the American Raytheon

The contracts relate to the manufacturing and development of key elements for the American Patriot air defense system, Raytheon said on Tuesday. These are the first agreements signed as part of the integration of Swiss companies into the system deployment process in the country, it is specified in the press release.

When the Confederation acquires weapons equipment abroad, foreign suppliers must usually commit to concluding compensatory deals with Swiss industry for an equivalent financial volume. The main purpose of these compensatory deals is to strengthen the competitiveness of national industry. Concerning the Patriot long-range ground-to-air defense system, the rate amounts to around 19%, or nearly 202 million francs.

“We are determined to collaborate with Swiss industrial companies to deliver the Patriot system, which is the most proven device in the world for ensuring anti-missile defense, and thus cover Switzerland’s needs in terms of anti-aircraft defense and protect the sovereignty of the country,” said Tom Laliberty, head of the Air and Land Defense division at Raytheon.

Ruag won a four-year contract to develop and install armored mobile shelters in particular. For its part, Mercury Mission Systems, based in Geneva, will manufacture essential components for the control and command system of the Patriot system. Around 25% of production costs will be outsourced to companies established in Switzerland to fulfill the conditions of the contract.

-

-

PREV Massive recall of sausages containing foreign bodies and sold throughout France
NEXT GameStop raises around $933 million – 05/28/2024 at 2:22 p.m.