Israeli protection electronics firm Elbit Techniques Ltd. (Nasdaq: ESLT; TASE:ESLT) has once more reportedly upset the Swiss. After experiences that Switzerland was mulling cancellation of a $380 million drone deal for six surveillance and reconnaissance unmanned aerial autos (UAVs) as a result of they have 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 army telecommunications venture, “value estimated at 1.8 billion Swiss francs, to be able 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 programs,” however “it’s unclear whether or not the product will likely be prepared for operational use.”
The Swiss newspaper wrote that “at first of the yr, the top of the cybersecurity division and venture supervisor, Simon Miller, warned that ‘the corporate has issue guaranteeing the standard of its merchandise and delivering on time.'” He stated, for instance, that among the elements have been provided with the mistaken cable size.
“It’s nonetheless troublesome to estimate how a lot the doable failure will value the taxpayer, however public funds value 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.
