With Latest Funding Agreement, Sweden Awakens from Its Defense Slumber

by Dan Darling, International Military Markets Analyst, Forecast International.

Sweden’s Stridsfordon 90 CV9040. Source: Wikipedia

Sweden’s minority government and political opposition Alliance bloc have agreed to a new defense deal that will provide SEK8.1 billion ($1 billion) in additional funding for the country’s broad security needs over the upcoming three-year period through 2020. The agreement bolsters spending on the Swedish military (which will receive SEK6.8 billion – or $841 million – worth of the additional funding) and civil defense (SEK1.3 billion, or $160 million). Continue reading