Technology

Art

F-35A procurement: Further offset projects are strengthening Swiss industry - target values are being clearly surpassed

1d ago

politics

Read on globalsecurity.org

From the article

armasuisse and Lockheed Martin are substantiating further projects for F-35A procurement with an addendum to the existing offset agreement. These projects are specifically strengthening security-relevant key technologies, industrial capabilities and Switzerland's resilience. The specifications will be significantly exceeded if successfully implemented: Altogether, it is anticipated that offset business amounting to around 73% of the value of the contract will be achieved - instead of the required 60%. The regional target values will also be far exceeded: In French-speaking Switzerland, the expected share is around 40% above the specification; in Italian-speaking Switzerland, the target value is expected to be as much as around 140% overfulfilled.

Continue reading on GlobalSecurity

You might also wanna read

U.S. Army awards Lockheed Martin $14M contract modification for MLRS engineering improvements

The U.S. Army has awarded Lockheed Martin a $14 million contract modification to sustain and improve the Multiple Launch Rocket System (MLRS

defence-blog.com·1mo ago

Neutral Switzerland and Austria explore Rheinmetall drone-defense systems in Zurich

Two European defense ministers from neutral countries — Switzerland's Federal Councillor Martin Pfister and Austria's Defense Minister Klaud

defence-blog.com·1d ago

U.S. Air Force Awards $143 Million C-5M Super Galaxy Software Support Contract to Lockheed Martin

Defense News·1d ago

Comments

No comments yet. Be the first.