Sweden eyes purchase of combat vehicles with Norway, Lithuania, Finland - Headlines news and analysis from Global Banking & Finance Review
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Sweden eyes purchase of combat vehicles with Norway, Lithuania, Finland

Published by Global Banking & Finance Review

Posted on April 22, 2025

1 min read

· Last updated: April 22, 2025

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Sweden and Nordic Allies Plan Joint Combat Vehicle Purchase

STOCKHOLM (Reuters) -Sweden, Lithuania, Norway and Finland are considering a coordinated acquisition of hundreds of CV90 infantry combat vehicles made by BAE Systems, Swedish Prime Minister Ulf Kristersson said on Tuesday.

The four countries are now drafting a statement of intent on cooperation for a purchase of the military vehicles, Kristersson told a joint press conference with his Lithuanian counterpart Gintautas Paluckas.

Countries in the Nordic and Baltic region, five of which border Russia, are sharply raising defence spending due to the Russian invasion of Ukraine and U.S. demands that European NATO members take on more responsibility for their own security.

"We haven't made all the decisions yet, but the faster we make the decisions, the faster they could be delivered as well to national armed forces," Kristersson said.

"We are at least discussing several hundreds of vehicles and they are quite costly," he added.

The CV90 is produced by a Sweden-based subsidiary of Britain's BAE Systems, Europe's biggest defence company.

(Reporting by Louise Rasmussen, editing by Anna Ringstrom and Terje Solsvik)

Key Takeaways

  • Sweden, Norway, Lithuania, and Finland consider joint purchase of CV90 vehicles.
  • The acquisition is a response to increased defense needs due to regional tensions.
  • BAE Systems, a major defense company, manufactures the CV90.
  • Countries aim to expedite decision-making for faster delivery.
  • The purchase reflects heightened defense spending in the region.

Frequently Asked Questions

What is the main topic?
The main topic is the coordinated purchase of CV90 combat vehicles by Sweden, Norway, Lithuania, and Finland.
Why are these countries purchasing combat vehicles?
They are increasing defense capabilities due to regional tensions and security demands.
Who manufactures the CV90 combat vehicles?
The CV90 combat vehicles are manufactured by BAE Systems, a leading defense company.

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