Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Swiss voters approve $6.5 billion purchase of fighter jets

Published 09/27/2020, 07:17 AM
Updated 09/27/2020, 11:40 AM
© Reuters.

ZURICH (Reuters) - Swiss voters backed the government's plan to spend up to 6 billion Swiss francs ($6.46 billion) on new fighter jets in a surprisingly close referendum that was won with a 50.2% majority, official results showed on Sunday.

Opinion polls had shown the plan would easily win approval in a country where armed neutrality is a tradition.

Approving funding in the binding referendum will let the government decide next year among the Eurofighter from Airbus, the Rafale from France's Dassault, Boeing (NYSE:BA)'s F/A-18 Super Hornet, or the Lockheed Martin (NYSE:LMT) F35-A Lightning II.

The aircraft would replace Switzerland's ageing fleet of 30 F/A-18 Hornets, which will go out of service in 2030.

New jets are to be delivered by 2025.

($1 = 0.9284 Swiss francs)

Latest comments

Lol nothing makes sense anymore
BFD
Hopp Schweiz
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.