As it struggles with a continuing downturn in business aviation and limited arms sales because of Swiss neutrality, Ruag is betting on growth in aerostructures and space. The state-owned company, operating under Switzerland’s commercial business laws, is also in a long preparatory phase for a potential new narrowbody aircraft program. Ruag, formed to support the country’s armed forces, has a strong military background. It is now largely globalized and diversified in aerospace ...
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