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Congress Asked to Approve $200 Million Upgrade of Swiss Fighter Jets

The U.S. Defense Security Cooperation Agency notified Congress Thursday of plans to sell the government of Switzerland $200 million worth of follow-on support for that country's fleet of F/A-18 Hornet fighter jets, plus necessary equipment, parts, training, and logistical support.

The principal contractors on this project will be defense contractors:

  • Boeing (NYSE: BA  )
  • Exelis (NYSE: XLS  )
  • General Dynamics (NYSE: GD  )
  • General Electric (NYSE: GE  )
  • Northrop Grumman (NYSE: NOC  )
  • and also the privately held defense companies Wyle Laboratories, MacKee, and Zenetex.

DSCA describes the purpose of the sale as supporting Switzerland's F/A-18 Hornet Upgrade Program, and involving primarily upgrades to the airplanes' engines and software, plus additional upgrades to sensors, weaponry, and communications. These upgrades are intended to "extend the useful life" of Switzerland's F/A-18 fighter aircraft and "enhance their survivability."

DSCA assures Congress that "the proposed sale of this equipment and support will not alter the basic military balance in the region," nor will it have any "adverse impact on U.S. defense readiness."

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Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On December 06, 2013, at 2:11 PM, chris293 wrote:

    This resupplying should be automatic for the U.S., unless we are selling the Swiss something brand new, or superior to our own military. Anything is good to help our import/export balance though 200 million is like a 'drop in the bucket' to our finances and debt.

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Rich Smith
TMFDitty

As a defense writer for The Motley Fool, I focus on defense and aerospace stocks. My job? Every day of the week, I'm monitoring the news, figuring out the winners and losers, and tracking down the promising companies for you to invest in. Follow me on Twitter or Facebook for the most important developments in defense & aerospace, and other great stories.

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