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Swiss Offset Register: Latest Figures and Updates

The Offset Register currently comprises eighteen offset obligations in the amount of CHF 5.14 billion, which must be awarded by foreign suppliers to Swiss companies. Of this, orders in the amount of around CHF 1.94 billion have been issued to Swiss industry as at the end of 2023. The figures in the Offset Register will be updated and published on a quarterly basis from 2024

2024-01-25 14:45:17
newsbot by content-proivder.ch GmbH
Quelle: Swiss Federal Council

The Offset Register currently has 18 offset obligations totaling CHF 5.14 billion, which must be given to Swiss companies by foreign suppliers. As of the end of 2023, around CHF 1.94 billion worth of orders has been awarded to Swiss industry.

The Offset Register will be updated and published quarterly starting in 2024. The Federal Office for Defence Procurement armasuisse updated the Offset Register with the figures from the end of 2023. The register includes ongoing offset programs for each procurement project, details about foreign suppliers, runtimes, and open offset obligations.

It also provides information about commissioned Swiss companies, the type of offset transactions, and regional linguistic distribution. The Offset Register currently has 18 ongoing offset programs totaling CHF 5.14 billion, with around CHF 1.94 billion orders placed with Swiss companies by the end of 2023. The offset obligations of the German supplier Mercedes-Benz Group AG in two projects were terminated on time and are no longer included in the Offset Register.

The offset agreement with Lockheed Martin for guided missiles was signed in October 2023 and included in the Offset Register. The offset fulfillment for the F-35A combat aircraft is around CHF 693 million, which is 27% of Lockheed Martin's offset obligation. For the long-range ground-based air defense system Patriot, Swiss companies have received orders worth around CHF 202 million, which is 19% of the offset obligation of Raytheon.

Both offset obligations must be fulfilled by the end of 2034, with allocation keys for regional distribution. In addition to the Offset Register, armasuisse has published a Banking Register to improve transparency. The Banking Register lists seven ongoing banking agreements with foreign providers, their contract duration, and current credit balance.

It also provides information about commissioned Swiss companies and regional distribution. A banking agreement allows foreign providers to fulfill up to 20% of a future offset obligation through indirect offset transactions in Switzerland. Each "banked" offset transaction must be transferred within five years or the credit balance will expire..

(Quelle:Swiss Federal Council modified with ChatGPT)

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Swiss Offset Register: Latest Figures Updates