No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Friday, March 6, 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
8 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
Markets still digesting West Asia shock; domestic sectors offer relative comfort, says Dharmesh Kant

Markets still digesting West Asia shock; domestic sectors offer relative comfort, says Dharmesh Kant

by TheAdviserMagazine
March 6, 2026
0

Despite a brief rebound in equities, market experts believe investors should remain cautious as global uncertainties continue to weigh on...

edit post
Positive Breakout: These 13 stocks cross above their 200 DMAs

Positive Breakout: These 13 stocks cross above their 200 DMAs

by TheAdviserMagazine
March 5, 2026
0

In the Nifty500 pack, 13 stocks' closing prices crossed above their 200 DMA (Daily Moving Averages) on March 5, 2026,...

edit post
House votes 219-212 to halt Trump’s attacks on Iran. “Donald Trump is not a king,” says Dem

House votes 219-212 to halt Trump’s attacks on Iran. “Donald Trump is not a king,” says Dem

by TheAdviserMagazine
March 5, 2026
0

It’s the second vote in as many days, after the Senate defeated a similar measure along party lines. Lawmakers are confronting the...

edit post
Meet Markwayne Mullin, the new multimillionaire head of DHS, who owns a cattle ranch in Oklahoma

Meet Markwayne Mullin, the new multimillionaire head of DHS, who owns a cattle ranch in Oklahoma

by TheAdviserMagazine
March 5, 2026
0

After months of infighting over the Department of Homeland’s handling of ICE’s immigration crackdown, President Trump announced on Thursday that...

edit post
Silicon Valley legend Vinod Khosla has ‘no plans to leave California’ amid billionaire tax uproar—but he has another idea to fix the wealth loophole

Silicon Valley legend Vinod Khosla has ‘no plans to leave California’ amid billionaire tax uproar—but he has another idea to fix the wealth loophole

by TheAdviserMagazine
March 5, 2026
0

Vinod Khosla isn’t packing his bags. As a wave of Silicon Valley billionaires quietly (or even loudly) sever ties with...

edit post
Tech billionaire Shlomo Kramer: the cyber selloff proved that Wall Street can’t price tech anymore

Tech billionaire Shlomo Kramer: the cyber selloff proved that Wall Street can’t price tech anymore

by TheAdviserMagazine
March 5, 2026
0

On February 20, Anthropic released Claude Code Security, a new AI-powered code-scanning tool. By the end of the trading day,...

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
Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

Foreclosure Starts are Up 19%—These Counties are Seeing the Highest Distress

February 24, 2026
edit post
North Carolina Updates How Wills Can Be Stored

North Carolina Updates How Wills Can Be Stored

February 10, 2026
edit post
Gasoline-starved California is turning to fuel from the Bahamas

Gasoline-starved California is turning to fuel from the Bahamas

February 15, 2026
edit post
Where Is My 2025 Oregon State Tax Refund

Where Is My 2025 Oregon State Tax Refund

February 13, 2026
edit post
7 States Reporting a Surge in Norovirus Cases

7 States Reporting a Surge in Norovirus Cases

February 22, 2026
edit post
2025 Delaware State Tax Refund – DE Tax Brackets

2025 Delaware State Tax Refund – DE Tax Brackets

February 16, 2026
edit post
Red Flags and How to Protect Yourself

Red Flags and How to Protect Yourself

0
edit post
Is Texas Instruments Incorporated (TXN) A Good Stock To Buy Now?

Is Texas Instruments Incorporated (TXN) A Good Stock To Buy Now?

0
edit post
Markets still digesting West Asia shock; domestic sectors offer relative comfort, says Dharmesh Kant

Markets still digesting West Asia shock; domestic sectors offer relative comfort, says Dharmesh Kant

0
edit post
Niagara to NYC: The Seniors Most Likely to Benefit From New Homecare and Aging Services Funding in New York

Niagara to NYC: The Seniors Most Likely to Benefit From New Homecare and Aging Services Funding in New York

0
edit post
State AGs sue after Supreme Court decision

State AGs sue after Supreme Court decision

0
edit post
In Honor of the 100th Anniversary of the Birthday of Dr. Murray Rothbard

In Honor of the 100th Anniversary of the Birthday of Dr. Murray Rothbard

0
edit post
Top Crypto Exchanges to Trade Tokenized Real World Assets

Top Crypto Exchanges to Trade Tokenized Real World Assets

March 6, 2026
edit post
Markets still digesting West Asia shock; domestic sectors offer relative comfort, says Dharmesh Kant

Markets still digesting West Asia shock; domestic sectors offer relative comfort, says Dharmesh Kant

March 6, 2026
edit post
People who always offer the last piece of food to someone else before taking it themselves display these 7 deeply ingrained character traits

People who always offer the last piece of food to someone else before taking it themselves display these 7 deeply ingrained character traits

March 6, 2026
edit post
Positive Breakout: These 13 stocks cross above their 200 DMAs

Positive Breakout: These 13 stocks cross above their 200 DMAs

March 5, 2026
edit post
I used to think my parents were behind the times — now I’m in my 60s and I realize they understood things my generation is only starting to figure out

I used to think my parents were behind the times — now I’m in my 60s and I realize they understood things my generation is only starting to figure out

March 5, 2026
edit post
The Zizians and the Second Amendment

The Zizians and the Second Amendment

March 5, 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

  • Top Crypto Exchanges to Trade Tokenized Real World Assets
  • Markets still digesting West Asia shock; domestic sectors offer relative comfort, says Dharmesh Kant
  • People who always offer the last piece of food to someone else before taking it themselves display these 7 deeply ingrained character traits
  • 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.