Swiss See Risk of Tariffs Increasing Cost of U.S. F-35A Jets
Switzerland plans to buy 36 F-35A jets at a cost possibly rising by up to 1.3 billion Swiss francs due to US tariffs and inflation, complicating procurement negotiations.
- Despite unclear costs driven by U.S. tariffs, Switzerland’s government said on Wednesday it remains committed to buying Lockheed Martin F-35A Lightning II fighter jets.
- Bern chose the F-35A in 2021 for a fixed price around 6 billion Swiss francs but failed to prevent costs rising by as much as 1.3 billion francs, government said.
- The Swiss government said jet price depends on U.S. inflation, global commodity prices and U.S. tariffs, with overruns estimated between 650 million and 1.3 billion francs.
- Swiss Defense Minister Martin Pfister said the government might buy fewer F-35s, as lawmakers push for outright cancellation, with options to be examined by the end of November.
- Swiss Defense Minister Martin Pfister warned that without new fighter jets, Switzerland won’t protect its airspace from the early 2030s, and canceling the purchase wouldn’t help tariff negotiations due to global demand.
23 Articles
23 Articles
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Swiss See Risk of Tariffs Increasing Cost of U.S. F-35A Jets
Swiss May Reduce F-35 Purchase as US Squeezes Government
(Bloomberg) -- Switzerland may cut its order of 36 Lockheed Martin Corp. F-35 stealth fighters after failing to push through a fixed-price deal with the US government, driving up the cost by as much as 1.3 billion Swiss francs ($1.6 billion).
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