Swiss Reject $3.5 Billion Jet Purchase in Blow to Saab
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Swiss voters rejected a 3.1 billion-franc ($3.5 billion) order for Gripen fighter jets, a setback to Swedish defense company Saab AB.
The 22-plane contract, which Switzerland awarded 2 1/2 years ago, was opposed by 53.4 percent of voters, the government in Bern said on its website today. That’s in line with the latest survey ahead of the vote, which showed some 51 percent of people polled opposed the transaction.