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Apr 10, 2013

Swiss Parliament Committee Votes to Suspend Gripen Jet Purchase


The Swiss Parliament’s Defense Committee has voted to suspend the purchase of 22 Saab AB (SAABB) Gripen aircraft, asking the government for additional information.
“We are putting the Gripen deal on hold until some important questions are answered and the definitive agreement is available,” Beat Flach, a lawmaker for the Green Liberal party and member of the committee, said on his Twitter Inc. feed today. A spokeswoman for the Defense Ministry confirmed the outcome of the vote, declining to comment further.
Switzerland plans to spend about 3.1 billion Swiss francs ($3.3 billion) on the planes made by Saab, based in Linkoeping south of Stockholm, to replace aging Northrop Grumman Corp. (NOC) F-5 Tigers. Today’s vote is the second parliamentary setback for the acquisition, after the upper house last month failed to approve funding.
bloomberg

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