Swiss companies export military equipment worth almost CHF1 billion

Swiss companies exported war materiel worth CHF948.2 million ($1.2 billion) in 2025. This means that last year's war materiel exports almost equalled the record figure of CHF955 million set in 2022. According to the State Secretariat for Economic Affairs (SECO), Germany was the largest buyer of the deliveries authorised by SECO in 2025, with exports worth CHF386.4 million. The US, Hungary, Italy and Luxembourg followed in second to fifth place. Exports to Europe accounted for 86.1% of all exports...