Published: 28 Aug 2012 17:39 GMT+02:00 | Print version
Updated: 28 Aug 2012 17:39 GMT+02:00
The sale of 22 Gripen fighter jets from Sweden to Switzerland was confirmed on Tuesday for a price of more than 3 billion francs ($3.1 billion).
The first delivery will take place in mid-2018, with all 22 planes to be delivered by 2021 at a cost of 3.126 billion francs.
“The negotiations were tough,” Christian Catrina, who represented Switzerland in the deal, told a press conference.
The framework agreement for the Gripen E/F -- or Super-Jas -- planes was officially signed on Tuesday afternoon, with Ulf Hammarström of the Swedish Defence and Security Export Agency positive about the exchange.
“We are pleased with this agreement, which will be of great benefit to the countries' defence forces,” he said.
Switzerland is expected to pay a first installment in January 2014 of 300 million francs.
The move to buy the planes was hotly contested in Switzerland where the parliamentary security commission found that the "choice of jet made by the Federal Council carries the most risks: technically, commercially, financially and in respect of the delivery date", Swiss news agency ATS reported.
The members of the commission, all appointed by the Swiss parliament's National Council of representatives, nonetheless voted 16 to 9 against demanding that ministers put a halt to the deal.
Sweden also intends to purchase between 40 and 60 of the jets.
Switzerland's central bank said on Thursday it will continue defending the floor rate of the Swiss franc against the euro, a policy which could come under increasing strain if more investment funds flow into the currency for safety. READ () »
The value of Swiss watch exports fell by 3.9 percent in May compared to the same month a year earlier as orders to Hong Kong and China fell dramatically, the Federation of the Swiss Watch Industry (FH) reported on Thursday. READ () »
Hunting stray cats year round remains legal in Switzerland after Swiss lawmakers on Wednesday voted against banning the practice. READ () »
A 40-year-old man was sentenced on Wednesday to life in prison, 15 years after he killed a 50-year-old gay taxi driver in his Geneva apartment by stabbing him 47 times with a knife . READ () »
Swiss lawmakers rejected on Wednesday a deal proposed by Washington to expose American tax dodgers and halt a raft a US lawsuits provided that Swiss banks that helped stash the cash pay massive fines. READ () »
Switzerland's senate on Wednesday again backed a deal with Washington to expose US tax dodgers and fine Swiss banks which helped hide their money, a day after G8 leaders agreed to chase cheats and corporate fiddles. READ () »
When I lost my job in Zurich three months ago, I felt like the world was collapsing around me. I felt inadequate and angry, and had a sense of shame about becoming unemployed in a foreign country. READ () »
At least four drowning deaths were reported in Switzerland on Tuesday amid the country’s continuing heatwave, which is drawing throngs of bathers to the country’s rivers and lakes. READ () »
The world's largest fully solar-powered boat, a Swiss vessel called "Turanor PlanetSolar," docked in New York on Tuesday during a mission to study the effects of climate change on the Gulf Stream current. READ () »
Swiss champion football team FC Basel may be in danger of losing one of its top players, striker Jacques Zoua. READ () »