The United States has reached new trade agreements with Switzerland and South Korea, eliminating tariffs on aircraft and parts. This restores tariff-free access for manufacturers and operators in both countries, following similar zero-tariff arrangements with the European Union, Canada, Mexico, and the United Kingdom.
Switzerland has decided to cut an order of 36 Lockheed Martin F-35A fighter jets due to a price increase of roughly $610 million enforced by the US government, following a contract dispute between the two sides. The Swiss Federal Department of Defence, Civil Protection and Sport stated that 'due to foreseeable additional costs, it is not financially viable to maintain the originally planned number' of aircraft.
Pilatus will take over RUAG Aerostructures Schweiz AG's workforce and machinery from the second quarter of 2024. This acquisition stands in line with the Swiss government's strategic goals for RUAG International.
Pilatus reported an exceptionally successful business year in 2018, with sales revenue surpassing $1 billion for the first time since 2015. The company delivered 128 aircraft, including 18 PC-24s, and has a current order volume of $2.
Pilatus reported its best year ever in 2022, driven by high demand and sales of 1.3 billion Swiss francs. Despite supply chain challenges, the company delivered 40 PC-24s and 80 PC-12 NGXs, with orders worth 1.
Pilatus is planning a comprehensive modernization of its outdated headquarters in Stans, Switzerland. The $100M investment will allow the company to consolidate and optimize its production and administration areas while contributing to sustainable development and safeguarding around 2500 jobs.
Pilatus has obtained type certificates from EASA and FAA for the PC-24 business jet, a milestone marking the end of a complex development project. The aircraft will enter global market with initial deliveries planned in 2018.
Samuel Kummrow, Team Leader New Technologies & Testing at Pilatus, has created his own bike brand in his spare time. He spent two years practicing welding and building frames before launching his business.
Despite the challenges posed by the COVID-19 pandemic, Pilatus achieved impressive results in 2020, with turnover and operating income exceeding expectations. The company delivered 129 aircraft, including 41 PC-24s and 82 PC-12 NGXs, and has a well-filled order book of 1.