Elbit Systems Ltd. Israeli Electronics Company (Nasdaq: Eslt; Tase:Eslt) has again disappointed the Swiss. After the reports that Switzerland was considering the cancellation of a $ 380 million drone agreement for six surveillance and recognition of non -manned aerial vehicles (UAV) because they were distributed with their capabilities, the Swiss attempt “acquired from Elbit is” useless “.
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Swiss Mull canceling the Elbit drone agreement of $ 380 million – Report
Elbit delivered radios for the Military Telecommunications project TK A, “it was estimated at 1.8 billion Swiss francs, to improve the communications system of the Swiss army,” the article said. The component, estimated at 300 million francs, “must be integrated into all IT systems”, but “it is not clear if the product will be ready for operational use.”
The Swiss newspaper wrote that “at the beginning of the year, the head of the Department of Cyber Security and the Project Supervisor, Simon Miller, warned that” the company has difficulty guaranteeing the quality of its products and delivering on time. Incorrect length of the cable “.
“It is still difficult to estimate how much the possible failure will cost to the taxpayer, but public funds worth more than half a billion francs are at stake once again,” he said.
Posted by Globes, Israel Business News – Y.globes.co.Il – on July 20, 2025.
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