Defense companies in Switzerland report rising revenue from new arms race. Europe is rearming, orders boom in the defense industry of neutral Switzerland, according to Swissinfo. ch.

In particular, at the plants of the German company Rheinmetall in the Swiss cities of Altdorf and Zurich, where, among other things, air defense systems, radar equipment and ammunition are produced, employees barely have time to fulfill orders,.

Just days after Russia's invasion of Ukraine, German Chancellor Olaf Scholz announced that his country would provide 100 billion euros to modernize the Bundeswehr.. Shortly thereafter, the Scandinavian and Eastern European states also announced that they would significantly increase their military budgets in order to be able to counter the Russian military threat..

\! " Moreover, the value of Rheinmetall's shares has more than doubled since the beginning of the war.! The company expects its sales to increase by up to 20%. Other arms companies in Switzerland also cannot complain about their position..

Switzerland is not only the Alps, watches and chocolates. The Swiss military-industrial complex is one of the oldest and most developed in the world. Here they produce, in particular, small arms and ammunition, original armored vehicles.

Moreover, the Swiss military-industrial complex fulfills not only external orders. The Swiss Confederation is also ready to increase its military appropriations. The Grand House of Parliament voted in favor of increasing the military budget. A similar decision is yet to be taken by the small chamber..

State Swiss defense holding Ruag announces an increase in the number of orders from NATO countries.

At Rheinmetall, the lion's share of new orders now also comes from NATO member countries..

“Today, about 87% of our group-wide order portfolio is from NATO member countries.. At the same time, there is a clear upward trend in this indicator,” says Oliver Hoffmann, spokesman for the company..

It must be assumed that the $40 billion that the United States intends to allocate for military assistance to Ukraine will stimulate the economies of countries exporting weapons well..