The divisions' business year

RUAG’s space business is exhibiting profitable growth both in Europe and in the United States. The Swiss side of the operation is also benefiting from the new business. Optimized manufacturing processes and a market-driven product range have resulted in major contracts for ESA, NASA and commercial programmes. With a focus on process optimization, RUAG Space is looking to hone its competitive edge still further in 2018.

RUAG Aerostructures strengthened its position as a tier-one supplier with global operations for developing and manufacturing complete fuselage sections, wing components, and flap and system modules. Thanks to increasing demand for single-aisle aircraft, the Division continues to expand.

The financial year was shaped by stronger sales and supply chain challenges. Another five-year fixed price contract was agreed for the Swiss Air Force. The international components business continued to grow strongly.

The division’s long-standing sales growth continued. Pressure on margins from the civil market in the United States could only be artially Offset.

The division looks back on a difficult financial year. The operating result was severely hit by major domestic contracts being postponed or failing to materialize, by significant competitive pressure on the international market, by rigorous export restrictions and by cost overruns in key projects.