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✦Reported by Reuters

Swiss Patriot delivery faces long delay, procurement chief says

Swiss Patriot delivery faces long delay, procurement chief says
Source: Reuters

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓Switzerland’s order for US-made Patriot air defence systems is facing long delays, procurement chief Urs Loher said on Wednesday.
  • ✓He warned that the country should move fast to secure another option to be operational before 2030.
  • ✓Loher added, "Today, nobody understands Switzerland abroad anymore.

Story at a Glance

Category
BUSINESS
Reported By
Reuters
Reading Speed
2 Minute(s)
Market Focus
India Economy

ZURICH, Oct 28 (Reuters) - Switzerland's order for US-made Patriot air defence systems is facing long delays and the country should move fast to secure ​another potential option, Urs Loher, head of Swiss defence procurement ‌agency Armasuisse, was quoted as saying on Wednesday.

Neutral Switzerland needed to take its defence capabilities more seriously, and the country is now marginalised in international ​discussions, Loher said in an interview with the Neue Zuercher ​Zeitung newspaper.

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• Washington is prioritising Germany for ​the Patriot units meant for Switzerland, though Bern is getting back some of its down payments, Loher said

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Swiss Patriot delivery faces long delay, procurement chief says | ArthNow