Sweden Orders New Submarines
Sweden is to buy two new submarines from constructors Saab Kockums. The A26 subs are to be delivered by 2022 and will cost up to SEK 8.2 billion ($945 million).
"This is the biggest single decision when it comes to economic investments that we will make during this parliament. The decision, to be formally made by the cabinet on Thursday, is to ensure Swedish submarine capability past 2030", stated Defence Minister Peter Hultqvist.
"These are the next generation of submarine. These submarines will be very hi-tech", he added.
The government will on Thursday authorize the armed forces to order two submarines, defense ministry spokeswoman Marinette Nyh Radebo said.
The Swedish government is increasing its defense spending over the coming years, citing a worsening security situation, particularly Russian activity in and around the Baltic Sea.
Defence and security company Saab welcomes the Swedish Minister of Defence, Peter Hultqvist’s, announcement to invest in two submarines of the next generation, A26.
Saab has not received any order on production of the new submarine but Saab looks forward to the discussions, which will lead to an agreement and order for A26. This will be a part of an earlier signed Letter of Intent.
Saab and FMV (The Swedish Defence Material Administration) signed a Letter of Intent in June 2014 regarding the Swedish Armed Forces’ underwater capability for the period 2015-2024. The Letter of Intent comprises support, development, design and production of submarines and other underwater systems, corresponding to potential orders of approximately SEK 11.2 billion, provided that necessary decisions are made.
