Against the background of the war waged by Russia against Ukraine in the Swiss defense companies, the boom in orders, and the value of their shares is growing like yeast.
Defense companies in Switzerland report revenue growth, derived from new arms races . Europe is rearming, in the defense industry neutral Switzerland boom orders, according to Swissinfo.ch.
In particular, at the plants of the German company Rheinmetall in the Swiss cities of Altdorf and Zurich, which, among other things, produce air defense systems, radar equipment and ammunition, workers barely have time to fulfill orders,
A few days after Russia's invasion of Ukraine, German Chancellor Olaf Scholz has announced that his country will allocate 100 billion euros for the modernization of the Bundeswehr. Shortly afterwards, the Nordic and Eastern European countries also announced that they would significantly increase their military budgets in order to be able to counter the Russian military threat.
“The pace of production must be accelerated!” Oliver Dürr, head of the Swiss branch of Rheinmetall, recently made this request to the staff. And lepers, the value of Rheinmetall's shares has more than doubled since the beginning of the war! The company expects its sales to increase to 20%. Other arms companies in Switzerland also cannot complain about their situation.
Switzerland is not just about the Alps, watches and chocolates. The Swiss military-industrial complex is one of the oldest and most developed in the world. It produces, in particular small arms and ammunition, original armored vehicles.
And the Swiss military-industrial complex performs as external orders. The Swiss Confederation is also ready to increase its military allocations. The Grand Chamber of Parliament voted in favor of increasing the military budget. A similar decision has yet to be made by the small chamber.
The Swiss state-owned defense holding Ruag is announcing an increase in orders from NATO countries. At Rheinmetall, the lion's share of new orders now also comes from NATO member states.
Today, about 87% of our entire portfolio of orders is made up of orders from NATO member countries. At the same time, there is a clear upward trend in this figure, “said Oliver Hoffmann, a spokesman for the company.
military aid to Ukraine, well stimulate the economies of countries – arms exporters.
