The divisions' business year

The space business is becoming more and more relevant to life on earth –telecommunications, security, navigation are just a few examples of this. As a leading supplier of satellites and launch vehicles, RUAG Space once again successfully navigated its way through this dynamic market in 2018: the Space division continues to exhibit profitable growth, and is proving equal to its strategic role within the Group.

RUAG Aerostructures had a mixed year in 2018. It succeeded in raising the rate of production in its Airbus single-aisle programme. But at the same time it sustained productivity shortfalls which ultimately led to a significant loss. Extensive measures were introduced to boost productivity and profitability for the long term.

Success in extending the five-year service-level agreement with the Swiss Air Force and concluding the contract for series conversion of the Swiss Cougar helicopter fleet was offset by challenges in the Business Aviation units.

For RUAG Ammotec, the financial year was a study in contrastingmarkets. Strong growth in the Armed Forces & Law Enforcement area was balanced by a challenging environment in the Hunting & Sports segment. When it came to the bottom line, the division once again succeeded in meeting its financial targets.

RUAG Defence gradually found its feet again during the 2018 financial year. The project business plus strong order intake ensured that the division was able to meet the majority of its financial objectives.