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Swiss Earmark $6.5 Billion for Jets, Reject Immigration Cap

  • Bids from Dassault, Airbus, Boeing, Lockheed Martin solicited
  • Government will decide on which type of jet to by next year
First Day Of the Avalon Aerospace & Defence Exposition
Photographer: Carla Gottgens/Bloomberg
Updated on

Neutral Switzerland voted in favor of buying new fighter jets for as much as 6 billion francs ($6.5 billion) by a razor-thin margin, while citizens rejected a “worse than Brexit” curb on immigration.

Just 50.2% of voters backed the expenditure in a national referendum on Sunday, with less than 10,000 ballots separating the ‘yes’ and ‘no’ camps. A proposal to introduce new limits on immigration from the European Union, however, was defeated by a comfortable margin.