AIRLINK 71.70 Increased By ▲ 0.01 (0.01%)
BOP 5.05 Increased By ▲ 0.05 (1%)
CNERGY 4.44 Increased By ▲ 0.05 (1.14%)
DFML 28.66 Increased By ▲ 0.11 (0.39%)
DGKC 82.00 Decreased By ▼ -0.40 (-0.49%)
FCCL 21.85 Decreased By ▼ -0.10 (-0.46%)
FFBL 34.15 No Change ▼ 0.00 (0%)
FFL 10.05 Decreased By ▼ -0.03 (-0.3%)
GGL 10.30 Increased By ▲ 0.18 (1.78%)
HBL 112.66 Decreased By ▼ -0.34 (-0.3%)
HUBC 141.50 Increased By ▲ 1.00 (0.71%)
HUMNL 8.29 Increased By ▲ 0.26 (3.24%)
KEL 4.60 Increased By ▲ 0.22 (5.02%)
KOSM 4.59 Increased By ▲ 0.09 (2%)
MLCF 38.00 Decreased By ▼ -0.01 (-0.03%)
OGDC 133.10 Decreased By ▼ -1.59 (-1.18%)
PAEL 26.81 Increased By ▲ 0.19 (0.71%)
PIAA 25.18 Decreased By ▼ -0.22 (-0.87%)
PIBTL 6.58 Increased By ▲ 0.03 (0.46%)
PPL 121.71 Decreased By ▼ -0.24 (-0.2%)
PRL 27.79 Increased By ▲ 0.06 (0.22%)
PTC 13.94 Increased By ▲ 0.14 (1.01%)
SEARL 55.30 Increased By ▲ 0.41 (0.75%)
SNGP 69.75 Increased By ▲ 0.05 (0.07%)
SSGC 10.50 Increased By ▲ 0.10 (0.96%)
TELE 8.53 Increased By ▲ 0.03 (0.35%)
TPLP 11.09 Increased By ▲ 0.14 (1.28%)
TRG 61.70 Increased By ▲ 0.80 (1.31%)
UNITY 25.47 Increased By ▲ 0.25 (0.99%)
WTL 1.35 Increased By ▲ 0.07 (5.47%)
BR100 7,640 Increased By 1.8 (0.02%)
BR30 25,054 Increased By 82.8 (0.33%)
KSE100 72,930 Increased By 168.6 (0.23%)
KSE30 23,593 Decreased By -32.5 (-0.14%)
World

US approves sale of jets and Patriot missiles to Switzerland

  • On Sunday, voters of the neutral nation approved a referendum allowing the government to spend $6.46 billion on new jets.
  • The Swiss government plans to decide next year among the Eurofighter from Airbus, the Rafale from France's Dassault, Boeing's F/A-18 Super Hornet.
Published October 1, 2020

WASHINGTON: The US State Department has approved the potential sale of two types of fighter jets and several Patriot missile systems to Switzerland as the country modernizes its military, the Pentagon said on Wednesday.

On Sunday, voters of the neutral nation approved a referendum allowing the government to spend $6.46 billion on new jets as it seeks to replace its aging fleet of 30 F/A-18 Hornets, which will go out of service in 2030.

The Swiss government plans to decide next year among the Eurofighter from Airbus, the Rafale from France's Dassault, Boeing's F/A-18 Super Hornet, or the Lockheed Martin F35-A.

In a move that would ease the way for the export of either of the US jets, the State Department approved the potential sale of 40 F-35A's spare parts, munitions and training for a total estimates cost of $6.58 billion.

The State Department also approved the potential sale of 40 F/A-18E/F Super Hornet jets, spares munitions and training as well as related equipment for an estimated cost of $7.45 billion.

The notification process alerts the US Congress that a sale to a foreign country has been approved, but it does not indicate that a contract has been signed or negotiations have concluded.

In addition, the State Department approved the potential sale of five Patriot missile systems and related equipment for an estimated cost of $2.2 billion. Raytheon Technologies Corp makes the Patriot system.

The Pentagon's Defense Security Cooperation Agency notified Congress of the possible sale.

Comments

Comments are closed.