Sweden to provide Ukraine with $1.2 billion military aid package

Posted on

Sweden will supply Ukraine with 13.5 billion kronor in military aid, marking its largest package yet. The assistance includes doubling the number of Stridsbåt 90 combat boats to 32 and delivering 1,500 TOW anti-tank missiles. Sweden has previously sent Leopard 2 tanks, CV90 vehicles, and Archer howitzers to support Ukraine. Additionally, Sweden will contribute about $250 million to international defense funds and allocate $178 million to the Danish model for ordering weapons from Ukraine’s defense industry. The move underscores Sweden’s continued commitment to bolstering Ukraine’s military capabilities.

Original news

Related Posts

Sikorsky Awarded $1.24 Billion For UH-60M Black Hawk Deliveries

Sikorsky has secured a $1.24 billion contract modification from the U.S. Army for UH-60M Black Hawk helicopters under Foreign Military Sales (FMS) for Austria, Brazil, Sweden, Greece, and Thailand. The project is set for completion by the end of 2027. This agreement follows a previous five-year, $2.3 billion contract in June 2022 to deliver 120 H-60M Black Hawks. Potentially extending further, this 10th multi-year contract could reach $4.4 billion, covering over 250 helicopters, including FMS requests. This move aligns with the U.S. Army’s recent aviation strategy shift, reallocating resources from the canceled Future Attack Reconnaissance Aircraft program to additional Black […]

Saab Expands Production Amid Rising Defense Demand but Faces Cash Flow Pressure

Saab is accelerating investments to expand production capacity as global military spending remains strong, driven by Russia’s invasion of Ukraine and Middle East security concerns. The company expects high demand for its Gripen E fighter jets, ground combat systems, missile technology, and surveillance products. However, increased investments will strain cash flow, prompting Saab to lower its cumulative cash conversion target for 2023-2027 from 70% to at least 60%. Despite a 44% drop in Q4 2024 order bookings to 17.56 billion kronor ($1.61 billion), sales rose 29% to 20.85 billion kronor, with net profit up 17% to 1.44 billion kronor. Saab […]

Sweden Deploys Gripen Jets to Poland for First NATO Air-Defense Mission

Sweden will send Saab Gripen combat aircraft to Poland, marking its first overseas air-defense deployment in support of NATO operations. Defense Minister Pål Jonson announced on March 6 that the Swedish Air Force will deploy up to eight Gripens for two NATO air-defense missions, including protection for Security Assistance and Training for Ukraine. This mission represents the first time Swedish combat aircraft will participate in NATO Air Policing from allied territory, with operations set for April to June 2025. In addition to the Gripens, Sweden will also contribute Saab 340/ASC 890 Erieye early warning aircraft, S 102B Korpen intelligence-gathering planes, […]