Swiss Arms Exports Jump as European Defense Spending Booms

Swiss arms shipments abroad neared an all-time high last year as European defense spending boomed, in a rebound for an industry that feared extinction over the country’s strict export rules.

By Levin Stamm · Bloomberg Markets

Swiss arms shipments abroad neared an all-time high last year as European defense spending boomed, in a rebound for an industry that feared extinction over the country’s strict export rules.