Swiss firms exported war materiel worth CHF948.2 million ($1.2 billion) in 2025 – 43% more than the previous year. Sixty-four countries bought ammunition, armoured vehicles and weapons produced by Swiss companies. +Get the most important news from Switzerland in your inbox The top five nations importing war materiel were Germany (CHF386.4 million), the United States (CHF94.2 million), Hungary (CHF63.4 million), Italy (CHF62.2 million) and Luxembourg (CHF47.4 million), the State Secretariat for Economic Affairs (SECO) said on Tuesday. Just under half (43.2%) of the deliveries were ammunition and almost a quarter (23.6%) were armoured vehicles. Weapons of all calibres accounted for 10.3% of exports. Components for combat aircraft, fire control equipment, explosives and military fuels, and light weapons accounted for 6.3%, 5.8%, 4.5% and 3.9% of all exports, respectively. Join the debate: Adapted from French by AI/sb How we work We select the most relevant news for an international …