Federal Council creates law for continued ownership of Beyond Gravity
Keystone-SDA
The Swiss government is creating a legal basis for retaining ownership of the space company Beyond Gravity.
+Get the most important news from Switzerland in your inbox
In particular, the law must define the purpose of the federal participation and the public interest in the company.
The Federal Council sees participation in Beyond Gravity as an opportunity to cover a broad range of security policy interests.
+ Five weaknesses in Fortress Switzerland
In addition to equipping the armed forces with space technology products and services, this also includes securing access to space-based infrastructures and technologies.
Parliament adopted a motion on March 10. The planned privatisation of Beyond Gravity, Ruag International’s space business, will therefore not be pursued further.
The motion instructs the Federal Council to create the legal basis and take measures to retain control or full ownership of Beyond Gravity.
More
More
Swiss parliament prohibits sale of Swiss space company Beyond Gravity
Translated from German by DeepL/mga
We select the most relevant news for an international audience and use automatic translation tools to translate them into English. A journalist then reviews the translation for clarity and accuracy before publication.
Providing you with automatically translated news gives us the time to write more in-depth articles. The news stories we select have been written and carefully fact-checked by an external editorial team from news agencies such as Bloomberg or Keystone.
If you have any questions about how we work, write to us at english@swissinfo.ch
