STOCKHOLM, May 19 (Reuters) - Sweden said on Tuesday it had chosen France's Naval Group to supply four new frigates for its navy, with the first delivery expected in 2030in what will be the Nordic country's biggest military investment in decades.
The government has requested that several weapons systems developed in Sweden, including by Saab, can be utilised by the vessels, Defence Minister Pal Jonson told a press conference.
Sweden is racing to build up its military in the wake of Russia's invasion of Ukraine and the Nordic country's subsequent accession to NATO, with the new frigates representing a significant expansion of maritime defence capabilities.
The right-wing government, one of Ukraine's staunchest backers in Europe, has said it expects to reach NATO targets for military spending of 3.5% of GDP already in 2030, several years ahead of the alliance's deadline. (Reporting by Johan Ahlander and Soren Jeppesen, editing by Terje Solsvik and Essi Lehto)
Corporate News Engineering & Industrials Aerospace & Defense Government & Politics

STOCKHOLM, May 19 (Reuters) - Sweden said on Tuesday it had chosen France's Naval Group to supply new frigates for its navy. (Reporting ...


(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:


(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: