Sweden will close a deal in the next few weeks with U.S. arms maker Raytheon Co (RTN.N) to buy the Patriot air defense missile system as it modernizes its armed forces amid heightened tensions with Russia.[…]
The deal is initially worth around 10 billion crowns ($1.13 billion) and is the biggest military purchase since 2013 when Sweden started to upgrade 60 Saab SAAB.ST Gripen fighters, a deal worth around 47 billion crowns.[…]
According to Lewin, the Patriot deal includes four firing units, parts, training and an undisclosed number of missiles. The contract also includes an option to expand the purchase to up to 300 missiles. If the option is used, the final bill will be around $3 billion, Lewin said. Delivery is expected to start in 2021. Läs artikel