SummaryIn this paper, a novel adaptive control design is proposed to stabilize a class of switched linear systems with parametric uncertainties and disturbances. In particular, a family of differential Riccati equations that holds for the finite switching intervals are established, of which the closed‐form solutions are exploited to develop the Lyapunov function for the closed‐loop system. This Lyapunov function is imposed to be decreasing at and between two arbitrary switching instants by solving a group of matrix inequalities, based on which the adaptive controllers for switched linear system with and without disturbances are proposed, respectively. In the nondisturbed setting, asymptotic stability of the adaptive switched linear system is achieved, while the system is bounded in a mean square sense in the disturbed setting. A numerical example of flight control for F4E fighter aircraft is used to illustrate the proposed adaptive control methodology.