No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, February 13, 2026
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Swiss mull cancelling $380m Elbit drone deal – report

by TheAdviserMagazine
7 months ago
in Business
Reading Time: 2 mins read
A A
Swiss mull cancelling 0m Elbit drone deal – report
Share on FacebookShare on TwitterShare on LInkedIn


Switzerland is considering cancelling a $380 million drone deal, Swiss newspaper NZZ reports. The newspaper said, “The new surveillance drone promises more than it can deliver. The Swiss Ministry of Defense is considering canceling the deal.”

NZZ added, “The technical problems with the surveillance drones are apparently so serious that they must be accompanied by a helicopter or another aircraft to avoid collisions.” The problem with the surveillance drones is related to a system called Detect and Avoid, which, according to the Finance Committee of the Federal Assembly (Switzerland’s legislative body), “Carries significant risks in terms of technical feasibility, licensing and costs.”





RELATED ARTICLES




Glitches for Elbit’s Hermes 900 in India and Switzerland


The Israeli weapons controlling Iranian skies


Iranian air defenses down Israeli Hermes 900 UAV






Switzerland was told that the six surveillance and reconnaissance unmanned aerial vehicles (UAVs) ordered, “Would be able to meet the requirements defined by the Israeli manufacturer at the earliest only from 2029. Among other things, the Swiss demanded that the drones be able to land independently even without GPS.”

Now, Switzerland’s Ministry of Defense is considering canceling the deal. “Defense Minister Martin Pfister plans to decide by the end of the summer whether to continue the project, scale it down or cancel it,” the newspaper reported.

“For a long time, canceling the project was considered unacceptable,” but now “patience and trust seem to have been lost.”

Cancelling the deal will cost the Swiss dearly because the 300 million francs invested in the project “will go down the drain.” “In addition, the Ministry of Defense does not rule out a counter suit from Elbit.”

Published by Globes, Israel business news – en.globes.co.il – on July 9, 2025.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2025.




Source link

Tags: 380mcancellingdealdroneElbitmullReportSwiss
ShareTweetShare
Previous Post

IBM: Zwischen Konsolidierung und Kursziel 350 USD!

Next Post

Why Christian Horner was fired by Red Bull after 20 years of service, eight F1 drivers’ titles & six championships

Related Posts

edit post
OpenAI and Anthropic spark coding revolution as developers abandoned traditional programming

OpenAI and Anthropic spark coding revolution as developers abandoned traditional programming

by TheAdviserMagazine
February 13, 2026
0

Is traditional coding dead? That’s the question many developers have been asking themselves this week following the launch of powerful...

edit post
Trump says regime change in Iran ‘would be the best thing that could happen’

Trump says regime change in Iran ‘would be the best thing that could happen’

by TheAdviserMagazine
February 13, 2026
0

Trump made the comments shortly after visiting with troops at Ft. Bragg, North Carolina, and after he confirmed earlier in the day...

edit post
New York Fed economists confirm U.S. businesses and consumers are footing Trump’s tariff bill

New York Fed economists confirm U.S. businesses and consumers are footing Trump’s tariff bill

by TheAdviserMagazine
February 13, 2026
0

Despite President Donald Trump insisting it’s foreign businesses paying for his raft of tariffs, mounting data indicates that, actually, American...

edit post
Why Did Nebius Stock Jump Today?

Why Did Nebius Stock Jump Today?

by TheAdviserMagazine
February 13, 2026
0

Nebius Group (NASDAQ: NBIS) had high aspirations for its revenue cadence by the end of 2025. The artificial intelligence (AI)...

edit post
BSE gets Sebi nod to launch ‘Focused Midcap Index’ futures and options contracts

BSE gets Sebi nod to launch ‘Focused Midcap Index’ futures and options contracts

by TheAdviserMagazine
February 13, 2026
0

BSE has received approval from capital markets regulator Sebi to launch derivative contracts on the "BSE Focused Midcap Index," expanding...

edit post
Valentine’s Day office etiquette: The 80:20 rule for talking about your significant other at work

Valentine’s Day office etiquette: The 80:20 rule for talking about your significant other at work

by TheAdviserMagazine
February 13, 2026
0

Valentine’s Day is coming up—and the romantic holiday is the one time of year that it’s totally normal to send...

Next Post
edit post
Why Christian Horner was fired by Red Bull after 20 years of service, eight F1 drivers’ titles & six championships

Why Christian Horner was fired by Red Bull after 20 years of service, eight F1 drivers’ titles & six championships

edit post
DAX Pushes Higher as EU Edges Closer to Tariff Deal With US

DAX Pushes Higher as EU Edges Closer to Tariff Deal With US

  • Trending
  • Comments
  • Latest
edit post
Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

Medicare Fraud In California – 2.5% Of The Population Accounts For 18% Of NATIONWIDE Healthcare Spending

February 3, 2026
edit post
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Key Nevada legislator says lawmakers will push for independent audit of altered public record in Nevada OSHA’s Boring Company inspection 

Key Nevada legislator says lawmakers will push for independent audit of altered public record in Nevada OSHA’s Boring Company inspection 

February 4, 2026
edit post
Where Is My South Carolina Tax Refund

Where Is My South Carolina Tax Refund

January 30, 2026
edit post
Washington Launches B Rare Earth Minerals Reserve

Washington Launches $12B Rare Earth Minerals Reserve

February 4, 2026
edit post
Grand Rapids Could Become a Boomtown as Investment Money Pours In

Grand Rapids Could Become a Boomtown as Investment Money Pours In

February 12, 2026
edit post
OpenAI and Anthropic spark coding revolution as developers abandoned traditional programming

OpenAI and Anthropic spark coding revolution as developers abandoned traditional programming

0
edit post
A DHS Shutdown Is Coming. Why Travelers Should Brace for Impact.

A DHS Shutdown Is Coming. Why Travelers Should Brace for Impact.

0
edit post
UK economy ekes out 0.1% growth in the fourth quarter

UK economy ekes out 0.1% growth in the fourth quarter

0
edit post
Best Meme Coins to Buy While Bitcoin Dips Under K

Best Meme Coins to Buy While Bitcoin Dips Under $83K

0
edit post
The 2026 Retirement “Wall”: Why Your Fixed Income May Not Cover Your Bills This Month

The 2026 Retirement “Wall”: Why Your Fixed Income May Not Cover Your Bills This Month

0
edit post
Prodalim seeks NIS 2-2.5b valuation in TASE IPO

Prodalim seeks NIS 2-2.5b valuation in TASE IPO

0
edit post
OpenAI and Anthropic spark coding revolution as developers abandoned traditional programming

OpenAI and Anthropic spark coding revolution as developers abandoned traditional programming

February 13, 2026
edit post
Peter Van Valkenburgh: Crypto’s regulatory landscape mirrors unregulated sports betting, the Blockchain Regulatory Certainty Act clarifies crypto jurisdiction, and why decentralized systems are essential for AI development

Peter Van Valkenburgh: Crypto’s regulatory landscape mirrors unregulated sports betting, the Blockchain Regulatory Certainty Act clarifies crypto jurisdiction, and why decentralized systems are essential for AI development

February 13, 2026
edit post
A DHS Shutdown Is Coming. Why Travelers Should Brace for Impact.

A DHS Shutdown Is Coming. Why Travelers Should Brace for Impact.

February 13, 2026
edit post
Trump says regime change in Iran ‘would be the best thing that could happen’

Trump says regime change in Iran ‘would be the best thing that could happen’

February 13, 2026
edit post
Galiano Gold Shares Edge Higher After Q4 Revenue Surge, 2026 Output Guidance Raised

Galiano Gold Shares Edge Higher After Q4 Revenue Surge, 2026 Output Guidance Raised

February 13, 2026
edit post
Huge Sale on Threshold and Casaluna Bedding at Target!

Huge Sale on Threshold and Casaluna Bedding at Target!

February 13, 2026
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • OpenAI and Anthropic spark coding revolution as developers abandoned traditional programming
  • Peter Van Valkenburgh: Crypto’s regulatory landscape mirrors unregulated sports betting, the Blockchain Regulatory Certainty Act clarifies crypto jurisdiction, and why decentralized systems are essential for AI development
  • A DHS Shutdown Is Coming. Why Travelers Should Brace for Impact.
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.