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Lockheed Wins $5.5 Billion Swiss Warplane Deal

  • Eurofighter, Boeing, Dassault lose out in latest twist to saga
  • Missile-maker Raytheon chosen to supply Patriot defense system
Lockheed Martin F-35 Lightning II fighter jets
Lockheed Martin F-35 Lightning II fighter jetsPhotographer: SeongJoon Cho/Bloomberg

Switzerland selected Lockheed Martin Corp.’s F-35 warplane for a 5 billion Swiss franc ($5.5 billion) defense order, choosing the model over competing jets from Dassault Aviation SA, Boeing Co. and Eurofighter.

The U.S. aircraft were “by far” the least expensive and also won on technical grounds, thanks to their ease of operation and superior ability to detect aerial threats. In addition to the 36 planes, the Swiss government will spend 2 billion francs on Raytheon Technologies Corp.’s Patriot missile-defense network.