The Swiss government has crystallised its plans for the future of defence firm RUAG, following a meeting of the country's Federal Council.
Under plans submitted by RUAG and approved by the government, RUAG Holdings will be split into two organisations: MRO Switzerland and RUAG International. This division is to become effective on 1 January 2020. The two businesses will operate completely independently of each other, which will include IT, legal, and administration systems.
MRO Switzerland will comprise approximately 2,500 staff and will perform the work that RUAG undertook for the Swiss armed forces, ranging from cyber security to maintenance, repair, and overhaul (MRO) of equipment including fighter aircraft and helicopters.
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