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Audit Risk and compliance management - BGRB Holding SA, RUAG MRO Holding SA, RUAG International Holding SA

Audit number: 20432

At the beginning of 2020, RUAG was split into two entities which are owned by the Confederation through a holding company (BGRB Holding AG). RUAG MRO Holding AG (estimated turnover: CHF 660 million) is primarily intended to provide services to the Swiss Armed Forces. RUAG International Holding AG (estimated turnover: CHF 1.23 billion) has taken over the aerospace business and should eventually be privatised in the long term.