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Despite the pandemic, the international technology group RUAG International saw a remarkable turnaround in 2021. After the difficult years of unbundling, the company is again turning a profit. Its sales increased to CHF 1,240 million (previous year: CHF 1,181 million) and EBIT was CHF 70 million (previous year: CHF -224 million).

ZEISS’ Semiconductor segment, with around 7,500 employees and 7 locations worldwide, is acquiring RUAG International’s Lithography business. The acquisition is the ideal platform to further strengthen the division’s capabilities and technological leadership in the lithography field. With the expected contractual closing this year, the divestment will allow the company to fully focus on its space activities with Beyond Gravity and its Launchers and Satellites divisions.

In 2023, RUAG International transformed itself into a space market-focused international supplier by selling its aerostructures business. The financial year was characterized by an inflationary market environment and strained supply chains. At the same time, investments were made in the expansion of production and the digital future of the space business. Adjusted for divestment and foreign currency effects, sales increased by CHF 62 million compared to the previous year. Reported earnings before interest and taxes (EBIT) amounted to CHF 28.

Zurich, March 21, 2025 - RUAG International's 2024 financial year was marked by a consistent focus on its space business. With the completion of the last divestments of non-space-related businesses, the company is concentrating on its position as a global key supplier to the space industry. RUAG International generated net sales of CHF 494.9 million (previous year CHF 620 million). EBIT amounted to CHF 19.9 million (previous year CHF 28.1 million). However, this result includes portfolio effects from divestment proceeds amounting to CHF 102.2 million. The operating result was impacted in particular by the ramp-up of the new production facilities and the necessary product improvements based on new findings from ongoing missions in the Launchers division. Additional costs were also incurred for the transformation of Beyond Gravity's business processes and digital infrastructure. The order backlog of over CHF 860 million underlines the company's solid market position. Driven by the commercial "New Space" business, the space market is developing dynamically, which offers long-term opportunities.

Today, the shareholders’ meeting has decided to change RUAG Holding Ltd’s name to RUAG International Holding Ltd. In addition, the shareholders’ meeting has approved the 2019 annual report and grants discharge to the members of the board of directors and the group’s executive board. RUAG Holding does not distribute any dividend to the Swiss Confederation.

Swiss aerospace group RUAG International has transferred all shares in RUAG Ammotec to Beretta Holding as of the end of July. Both companies had signed an agreement on the sale of the business unit on March 9, 2022. As a result, Beretta Holding is taking over all business activities as well as all employees at all production and sales sites from the beginning of August 2022.

The Swiss aerospace group RUAG International has successfully transferred all shares of RUAG Australia Pty Ltd to the Australian sovereign defence, advanced manufacturing and sustainment group, ASDAM. RUAG International previously announced the signing of a sale agreement on 1st April 2022. As a result, ASDAM will take over all business activities and all employees at the Australian sites at the beginning of September.