2025-06-24 10:30:10
Europe
Finance

Switzerland's F-35 Jet Costs Surge Beyond $6 Billion Budget

Image used under license from Shutterstock.com

Switzerland's procurement of F-35 jets is set to exceed the initial budget of $6 billion, raising concerns among officials. New Federal Council member Martin Pfister faces mounting pressure as costs already surpass $350 million before any jets arrive.

The government's commitment to acquiring 36 aircraft is challenged by unexpected price hikes from the U.S., potentially increasing expenses by an additional 1.5 billion francs. As Switzerland has already transferred 700 million francs, further payments of 2.3 billion francs are anticipated over the next two years.

The situation complicates negotiations with the U.S. government, especially with contrasting views from former President Trump. Pfister's role will be crucial in addressing these financial uncertainties and determining the future of the fighter jet program.

NZZ
23. Juni 2025 um 15:00

Not a Fixed Price – Switzerland to Pay Significantly More Than $6 Billion for F-35 Jets

Switzerland is expected to pay significantly more than $6 billion for the F-35 jets. The new Federal Council member Martin Pfister is under pressure. The procurement of the new fighter planes has begun, and already $350 million have been spent.
luzernerzeitung
24. Juni 2025 um 03:00

Price-fixed war yesterday – F-35 purchase threatens to become multi-billion dollar disaster

Switzerland plans to buy 36 F-35 fighter jets for 6 billion francs. The US government is demanding higher prices than agreed upon. The Federal Council wants to continue negotiations with the Trump administration or buy fewer jets.
tagblatt
24. Juni 2025 um 03:00

Price per unit war yesterday - fighter jet purchase threatens to become billion-dollar trap

Switzerland plans to buy 36 F-35 fighter jets, for which the US government is supposed to demand up to CHF 1.5 billion more. The Federal Council is sticking to the fixed price, despite former US President Trump's critical comments on the jet and Peter Merz taking over as CEO of Skyguide in the fall.
Tagesanzeiger
24. Juni 2025 um 04:05

F-35 Jets: The Federation Pays More Than Three Billion - Before a Single Plane is in Switzerland

The purchase of F-35 fighter jets for Switzerland is contentious. The costs of the new jets could be higher than planned, which could put Switzerland into trouble. The Federal Council has decided to buy the F-35, but there are concerns about the costs and the negotiation power of Switzerland with the US. Switzerland is already transferring 700 million francs to the US, and further payments of 2.3 billion francs will follow in the next two years. The new Defense Minister Martin Pfister is expec..
CW

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