Switzerland's Federal Council has acknowledged rising costs associated with its military aircraft procurement from the US due to inflation and other economic factors. The Defence Security Cooperation Agency (DSCA) expressed concerns over misunderstandings regarding fixed pricing, which could lead to additional expenditures estimated at between $650 million and $1.3 billion. In response, the Swiss government has called for diplomatic resolutions to these challenges, particularly following recent public confirmation from the US embassy about fixed price agreements. Ongoing investigations into the procurement process for F-35A aircraft highlight further scrutiny regarding decision-making amid financial pressures.
Switzerland's Federal Council emphasized that a diplomatic approach is necessary to resolve the financial disagreements stemming from inflation and rising costs related to the US military purchase.
The DCSA's statement indicated Switzerland might face additional costs ranging from $650 million to $1.3 billion if new terms are accepted, highlighting the economic uncertainties.
Collection
[
|
...
]