Finance

Swiss expect to purchase 30 F-35 jets after cost increases

Published by Global Banking & Finance Review

Posted on March 6, 2026

2 min read

· Last updated: April 1, 2026

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Swiss expect to purchase 30 F-35 jets after cost increases
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ZURICH, March 6 (Reuters) - Switzerland now expects to purchase around 30 Lockheed Martin F-35A Lightning II fighter jets, six fewer than initially projected, because of cost increases in the order,

Switzerland Lowers F-35 Jet Order to 30 Amid Rising Costs and Delays

Swiss F-35A Jet Purchase Adjustments and Defense Updates

Reduction in F-35A Jet Order Due to Rising Costs

ZURICH, March 6 (Reuters) - Switzerland now expects to purchase around 30 Lockheed Martin F-35A Lightning II fighter jets, six fewer than initially projected, because of cost increases in the order, the government said on Friday. In December, Switzerland said it would no longer buy 36 of the jets as planned, and Defence Minister Martin Pfister said rising costs meant the government was requesting an additional credit worth 394 million Swiss francs ($505 million) from parliament.

Government's Financial Response

With that credit, Switzerland now expected to be able to buy around 30 F-35A jets, Pfister told a news conference.

Patriot Air Defence System Delays

The Swiss government last year announced that the United States was delaying delivery of Patriot air defence systems to Switzerland in order to support Ukraine. Pfister said on Friday he expected that delay to be around four to five years.

Consideration of Alternative Air Defence Systems

As a result, the government is considering acquiring a second air defence system, Pfister said. Preference would be given to a system made in Europe, the government said.

Financial Context

($1 = 0.7807 Swiss francs)

(Reporting by Dave Graham, editing by Kirsti Knolle and Ludwig Burger)

Key Takeaways

  • Rising procurement costs have forced Switzerland to reduce its F‑35A order from 36 to approximately 30 jets, requiring an additional CHF 394 million credit request. (investing.com)
  • The originally touted “fixed price” of CHF 6 billion for 36 jets proved unrealistic; cost overruns are estimated between CHF 650 million and CHF 1.3 billion, prompting renegotiations and public scrutiny. (armyrecognition.com)
  • U.S. delays in delivering Patriot air‑defence systems—due to reprioritization in support of Ukraine—have Switzerland exploring European systems like the Franco‑Italian SAMP/T as a backup. (lanaapma.com)

References

Frequently Asked Questions

Why is Switzerland reducing its F-35 jet purchase?
Switzerland is reducing its F-35 jet purchase from 36 to 30 due to rising costs and the need for additional funding.
How much additional credit is Switzerland requesting for the F-35 order?
Switzerland is requesting an additional credit of 394 million Swiss francs ($505 million) from parliament.
What impact does the U.S. Patriot air defense system delay have on Switzerland?
The delay in the U.S. Patriot air defense system may last four to five years, prompting Switzerland to consider acquiring a European system.
Who is the supplier of the F-35A Lightning II fighter jets?
The F-35A Lightning II fighter jets are supplied by Lockheed Martin.
What currency exchange rate is noted in the article?
The article states the exchange rate as $1 = 0.7807 Swiss francs.

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