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U.S. and Switzerland sign agreement for PAC-3 MSE missiles

Bern, Switzerland, Oct. 31, 2023 – United States and Switzerland officials formalized an agreement for Switzerland to purchase Lockheed Martin’s (NYSE: LMT) Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (MSE) missiles and related support equipment. With this agreement, Switzerland becomes PAC-3’s 15th partner nation.

PAC-3 MSE will bolster Switzerland’s Patriot ground-based air defense system as a part of the Switzerland Air Force’s Air2030 program.

Lockheed Martin and armasuisse also finalized the Offset Agreement supporting the PAC-3 MSE program. This agreement is the catalyst for multiple new projects that will support Switzerland’s  security-relevant technology and industry base (STIB).

The PAC-3 MSE expands the battlespace with a dual-pulse solid rocket motor, providing increased performance in altitude and range. PAC-3 MSE is a high-velocity interceptor that defends against incoming threats, including tactical ballistic missiles, cruise missiles, advanced threats and aircraft. The PAC-3 MSE missile uses Hit-to-Kill technology, intercepting threats through kinetic energy via body-to-body contact.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

 

 

 

 

SBB connects Geneva Airport to the Swiss Air Rail route network

Swiss International Air Lines AG, the flag carrier of Switzerland and a subsidiary of the Lufthansa Group (Xetra: LHAG), and SBB is expanding the Air Rail route network and adding Geneva Airport. Swiss passengers traveling via Lausanne, Freiburg or Bern train stations now have the choice between connecting to Zurich Airport or Geneva Airport. You can now book and use the new connection to or from Geneva Airport. For example, you can travel directly and comfortably from New York via Geneva to Lausanne, Freiburg or Bern. In addition, both companies are taking another important step in the technical integration of their system landscapes and will in the future provide Swiss Tickets with an SBB QR code. The aim is to improve boarding pass control and customer service. Since establishing their strategic partnership in October 2019, Swiss International Air Lines (Swiss) and the Swiss Federal Railways SBB have been continuously working to expand their joint service and product portfolio.

Travel comfortably with Swiss Air Rail

With this further step in the expansion of the intermodal offering, the Swiss Air Rail network now includes two airport stations and a total of 11 destinations. These include Geneva (main station), Freiburg, Bern, Interlaken, Lausanne, Lucerne, Lugano, Bellinzona and Basel in Switzerland as well as Munich in Germany and Bregenz in Austria. As with all Swiss Air Rail destinations, customers also benefit from the option of booking the entire trip in one step for connections to/from Geneva Airport. The train ticket is included in the Swiss flight price and can be booked online and at any travel agency. Passengers only need to check in once and receive all boarding passes directly from Swiss.

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Swiss and SBB connect Geneva Airport

 

 

 

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SBB Swiss Rail to Offer Customers with Bicycles More Space and Reliability

SBB is improving its services for travelling with bicycles for the 2021 cycling season. It is taking this step in response to strong demand and to insufficient capacity last summer. On key leisure travel lines (Bern to Brig, Zurich to Chur) SBB is tripling capacity at times of high demand from 21 March. SBB will offer customers with bicycles more reliable journey planning: thanks to reservations, passengers taking along bikes can be sure that they will find space for them on trains. The price of bicycle reservations is reduced from CHF 5 to CHF 2. SBB presented the improved services to cycling, consumer and industry organisations today and outlined future prospects for traveling with bikes.

There has been a sharp increase in demand for travelling with bikes and holidays in Switzerland due to the coronavirus crisis. In some cases this has led to capacity shortages and dissatisfied customers who were unable to travel with their bike on the train they had planned to use. Around 80,000 Bike Day Passes were sold in the peak month of July 2020, for example, which is up by around 45% compared to the previous year. SBB also transported up to 15,000 bikes with self-service loading on the main axes of Zurich to Chur and Bern to Brig.

SBB expects demand for travel with bikes to continue to rise and is responding to this trend. This is why – together with Pro Velo and the Swiss Transport and Environment Association – it engaged in broad-based dialogue with cycling stakeholders as well as consumer and industry organisations on the issue of ‘sustainable travel with bicycles’. The aim is to offer customers reliable journey planning and reservations, to further improve and simplify services and to make them even more customer-friendly. SBB has a duty of responsibility towards all customers and wishes to provide services that meet and take account of the needs of all passengers as far as possible – including, for example, people with disabilities or families.

In view of the forthcoming cycling season, which begins on 21 March, SBB has introduced various changes to make travelling with bikes easier:

SBB is increasing capacity for the self-service loading of bicycles at times of high demand on the key leisure travel lines, tripling capacity compared to the current levels where possible. These routes include Bern to Brig and Zurich to Chur. Additional capacity will also be provided on routes to Ticino, Interlaken and the southern foot of the Jura. Passengers will be assisted with the loading of bicycles by SBB staff on these lines where possible.

In order to expand capacity medium and long-term, SBB is currently assessing which technical measures can be implemented long-term to create additional bicycle spaces on various types of train. Only minor modifications to rolling stock are possible in the short term.

Customers with bicycles need to be able to plan their journey reliably and safely. SBB makes this possible on all Swiss InterCity trains with a reservation costing CHF 2. Passengers who made a reservation can be certain that they will find space for their bike on the trains. Trains are labelled with the well-known bicycle symbol in the online timetable. Bikes can only be transported using self-service loading on trains labelled with this symbol if a reservation has been made and a valid bike ticket is presented. Reservations can be made up until shortly before departure in the SBB Mobile app. They can also be purchased at the counter or several days in advance via the SBB Contact Center

(tel. 0848 44 66 88)

The price for reservations will be reduced from CHF 5 to CHF 2 for a continuous connection – for example for a route with more than one section. International trains within Switzerland can now also be used for bike transport with a reservation, but prices and booking options may differ. Bikes can be transported with a valid bicycle ticket but without a reservation on regional services (R, S, RE trains) as well as on InterRegio trains (IR).

DB and SBB to Increase Rail Service Between Germany and Switzerland

Demand for international rail services between Germany and Switzerland has increased rapidly in recent years. At the Basel border crossing alone the number of passengers has increased by over 25 per cent in the past five years. Given the increasing importance of climate protection, the increase in travel by rail, an environmentally friendly mode of transport, is a trend which is expected to continue. Despite the current challenges presented by the COVID-19 crisis, the two rail companies DB and SBB firmly believe there is tremendous growth potential in rail services between Germany and Switzerland over the medium and long term. As a result, DB and SBB are planning a significant increase in services. Both rail companies today signed a memorandum of understanding on the proposals.

The planned increase in services will be made possible thanks to the opening of Stuttgart 21 and the completion of the Karlsruhe–Offenburg and Müllheim–Basel stages of improvements by 2026. The increase in services involves switching operation of all ICE services between Switzerland and Germany to ICE 4s, this being DB’s most modern train, and the use of SBB Giruno compositions in Germany.

The key features of the service increase planned from the 2026 timetable are:

– The number of direct services between Switzerland and Germany will rise from 26 at present to 35 connections a day.

– Two new direct services a day from Hamburg via Basel to Lugano will improve the services on the north-south axis via the Gotthard route. The use of the Giruno on this line means that further direct connections from Germany to Milan could be added in future.

– The new plan also involves running new direct services from Germany via Bern to Valais.

– The deployment of the ICE 4 on the Dortmund–Cologne–Basel line makes it possible to provide new direct services from North Rhine-Westphalia, Germany’s most populous federal state, to Switzerland.

– The half-hourly frequency in future on the Zurich to Chur route will allow additional direct connections from Germany to Chur to be provided.

– The journey time between Frankfurt and Zurich will be reduced by 20 minutes to 3 hours and 40 minutes.

In conjunction with the joint increase in services, SBB Giruno trains will also now be used on routes between Switzerland and Germany. SBB also plans to procure additional Giruno compositions from manufacturer Stadler Rail using existing options available. Vincent Ducrot, CEO of SBB, believes this increase in services is another major step which underlines SBB’s strong commitment to significantly improving international passenger services: “We want to make rail travel in Europe easier for our customers. Rail offers major advantages in terms of travel time and comfort and has gained further impetus from the climate debate. This is why we are focusing on the further development of international services. It is important to look at sustainable and efficient mobility at European level. Infrastructure projects, such as the Ceneri Base Tunnel and Stuttgart 21, are pioneering in this respect.” Richard Lutz, CEO of Deutsche Bahn, said: “2021 is the European Year of Rail. Projects such as the revival of the Trans Europ Express for cross-border services and the development of our cooperation with SBB demonstrate this. These are wonderful indications that rail travel is growing across the entire continent, and first and foremost, that people and economic activity in Europe are coming closer together.”

Der neue Fernverkehrszug der SBB “FV Dosto”, ein Doppelstockzug, fotografiert wahrend der Typentestfahrt in Interlaken, am Donnerstag, 11. Mai 2017. (KEYSTONE/Anthony Anex)……..

SBB and ÖBB Plan Further Expansion of Night Train Services

SBB and ÖBB are stepping up their long-standing cooperation in international passenger services. The two railway companies are seeking to scale up the existing night train services from six to ten lines. Planning is underway for new night trains from Switzerland to Amsterdam, Rome and Barcelona. Last week, SBB and ÖBB signed a corresponding Letter of Intent. The planned expansion of services can only be guaranteed with financial support from the Swiss climate fund.

Demand for international night train services significantly increased in 2019 and at the start of 2020 until the coronavirus crisis struck. The number of passengers using night train services from Switzerland grew by over 25 per cent with respect to the previous year. The two partner railways consider this a sustainable trend given the significant rise in customer demand for environmentally friendly and resource-efficient travel. There is clear evidence to show that night trains have a positive effect on overall emissions, as they generate modal shift from other modes of transport to rail. ÖBB and SBB share the goal of shifting more travel to rail and thus contributing to a reduction in CO2 emissions from the travel sector. This commitment reflects the aims of the Paris Agreement on climate change and the political and public will to develop an attractive night train network as an important component of environmentally friendly and sustainable mobility in Europe.

With its 19 Nightjet lines and eight further services provided in cooperation with partner railways, ÖBB already runs Europe’s largest night train network. This includes the network from Switzerland run in cooperation with SBB, comprising six lines and one additional service. SBB and ÖBB want to build on this success and expand night train services in Europe together. Over the last few months, the companies have thoroughly tested and evaluated various options for expanding the service. By cooperating, the railway companies will be able to make use of synergies in production and marketing of the service offer and save on costs. In the Letter of Intent signed last week, the two railway companies presented their strategy for expanding services as outlined in “2024 Nightjet Network for Switzerland”. The plans involve expanding the Nightjet network from Switzerland to incorporate a total of ten lines and 25 destinations.

Cornerstones of the expansion plan:

From 2022 timetable onwards: new Nightjet connection to Amsterdam.
As a first step in the expansion process, the two railway companies want to launch a new daily Nightjet service running Zurich–Basel–Frankfurt–Cologne–Amsterdam in December 2021. However, the very limited availability of rolling stock suitable for night train services restricts short-term service expansion. SBB therefore intends to lease suitable rolling stock from German leasing company RDC Asset GmbH.

Increasing capacity on services to Berlin, Hamburg and Prague and new connection to Leipzig and Dresden.
The services currently provided from Zurich via Basel to Berlin and Hamburg are increasingly popular. Capacity on this route will therefore be expanded significantly. SBB and ÖBB wish to serve both destinations with two separate trains covering the whole route, if possible from the 2023 timetable change. This will enable a significant capacity increase. They also plan to run the service to Prague via Germany as a portion of the Berlin Nightjet with sleeping cars and couchettes. The new route would also provide a direct connection to Leipzig and Dresden.

– Plans for new connections to Rome and Barcelona.
There are plans for a new line connecting Zurich via Bern, Brig, Domodossola to Rome. A daily connection from Zurich via Bern, Lausanne, Geneva to Barcelona is also planned. This would also integrate French-speaking Switzerland directly into the night train network. It is not yet clear whether it will be possible to run these two lines, as agreements with other partner railways are yet to be reached.

To ensure that night train services can be expanded in the medium to long term, ÖBB is also investing in new rolling stock. The new night train sets are to come into service gradually over a period of time.

SBB and ÖBB are campaigning for greater political support for night trains.

Alongside the planned service expansion, SBB, ÖBB and other partner railways are campaigning for transport policies which facilitate night train operations in Europe. In Switzerland, the total revision of the CO2 Act after 2020 is being debated in the autumn session of the Federal Parliament. The Act provides for support for cross-border rail services from the climate fund. Last week, the Swiss Parliament voted in favour of supporting international passenger services, including night trains. While subject to a final vote and a possible referendum, financial support from the climate fund would compensate for the losses SBB would sustain given the high operating costs night train services involve.

ÖBB is the largest provider of night train services in Europe and has contributed significantly to maintaining night trains services from Switzerland in its existing partnership with SBB. Andreas Matthä, ÖBB CEO, said: “We have no doubts about the Nightjet’s success. With SBB as a committed and effective partner, we can continue to expand the Nightjet network even further. We are investing in new trains: 13 latest generation Nightjet sets will be in operation from the end of 2022. With additional services and modern rolling stock, taking the night train will become an even more attractive option.”

SBB CEO Vincent Ducrot has no doubt that demand for fast daytime services and night trains will continue to grow. “This is a sustainable trend and the demand for environmentally friendly and resource-efficient mobility will continue to increase.”

SBB and ÖBB consider night train services as an important element of the overall service offer and see great potential for creating synergies with daytime services. An attractive rail offer helps to achieve the goal of modal shift from short-haul flights to rail.