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.

War material exports surged 43% to 948 million Swiss francs ($1.2 billion) in 2025 from the previous year, the State Secretariat of Economic Affairs said in a statement.