Current figures on offset transactions as of end of 2025
Bern, 13.01.2026 — The Offset Register currently comprises eighteen procurement projects with offset obligations in the amount of CHF 5.42 billion, which must be settled by foreign suppliers to Swiss companies and research facilities. Of this, offset transactions in the amount of around CHF 2.85 billion have been carried out as at the end of 2025.
The Register, which is updated on a quarterly basis, currently includes eighteen ongoing offset programmes with a total amount of CHF 5.42 billion. Of this, offset transactions for around CHF 2.85 billion have been carried out up to the end of 2025.
Since last year, the obligations of Thales LAS France SAS in the project “Air surveillance system Florako, Value preservation Flores (APSR & SPSR Upgrade)” and of CAE USA in the project “Extension of useful life of combat aircraft F/A-18 (SHOTS)” were concluded successfully.
New additions include the obligations of Elbit Systems Ltd. In the project “Partially mobile passive sensors to expand the air picture” from EuroSpike GmbH in the project “Surface-to-surface guided missile”, from Rheinmetall Waffe Munition GmbH in the project “Ammunition” and from Diehl Defence GmbH & Co. KG in the project “Medium-range ground-based air defence”.
Programme Air2030
With the F-35A combat aircraft, the fulfilment is at around CHF 803 million at the end of 2025, which corresponds to around 34% of the compensation obligation of Lockheed Martin Global Inc. With the Patriot long-range ground-based air defence system, offset transactions in the amount of around CHF 582 million have already been carried out with Swiss companies, which corresponds to approximately 56% of the compensation obligation of the US manufacturer Raytheon Missiles & Defense. Both obligations must be fulfilled by the end of 2034. By then, the following allocation keys must be complied with as far as possible between the regions: 65% of the compensated volume is attributable to German-speaking Switzerland, 30% to French-speaking Switzerland and 5% to Italian-speaking Switzerland. The fulfilment and the regional distribution will be continuously monitored by armasuisse and discussed with the supplier.
Banking Register
The Federal Office for Defence Procurement armasuisse updated the Banking Register with the figures at the end of 2025 in addition to the Offset Register. The Banking Register contains six ongoing banking agreements in which publication is planned. Foreign providers, the contract duration and the current credit balance are listed in the Banking Register. In addition, the commissioned Swiss companies and the regional distribution are also shown. A banking agreement can be concluded upon the request of a foreign provider if a future compensation obligation is likely. It enables foreign providers to fulfil up to 20% of a future compensation obligation through indirect offset transactions in Switzerland in advance.
Key figures for 2025
A total of 141 offset transactions were carried out in 2025. The compensated value was approximately CHF 665 million. Of this number, some 83% were attributable to German-speaking Switzerland, 13% to French-speaking Switzerland and 4% to Italian- and Romansh-speaking Switzerland. The offset transactions conducted were predominantly subcontracts in connection with procured military equipment (61%), the acquisition of further security-relevant goods and services (18%) technology transfers (13%) and project financing (8%). 72% of the recognised compensation amounts were attributable to large Swiss companies and 28% to SMEs. The majority of the transactions were settled in the economic sectors of “Repair and installation of machinery and equipment” (53%) and “Manufacture of data-processing devices, electronic and optical products” (20%).