Israeli protection electronics firm Elbit Techniques Ltd. (Nasdaq: ESLT; TASE:ESLT) has once more reportedly disenchanted the Swiss. After stories that Switzerland was mulling cancellation of a $380 million drone deal for six surveillance and reconnaissance unmanned aerial automobiles (UAVs) as a result of they had been dissatisfied with their capabilities, Swiss newspaper “Die WeltWoche” now claims that TK A telecommunications tools procured from Elbit is ‘unusable.”
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Elbit delivered radios for the TK A navy telecommunications challenge, “price estimated at 1.8 billion Swiss francs, in an effort to improve the Swiss military’s communications system,” the paper reported. The part, estimated at 300 million francs, “must be built-in into all IT methods,” however “it’s unclear whether or not the product can be prepared for operational use.”
The Swiss newspaper wrote that “initially of the yr, the pinnacle of the cybersecurity division and challenge supervisor, Simon Miller, warned that ‘the corporate has issue making certain the standard of its merchandise and delivering on time.'” He stated, for instance, that a few of the elements had been provided with the unsuitable cable size.
“It’s nonetheless tough to estimate how a lot the doable failure will price the taxpayer, however public funds price greater than half a billion francs are at stake – as soon as once more,” it stated.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 20, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.