Financial Ports

Sweden’s $5bn Naval Gamble: Why These Frigates

CLAVE 1 / 4Sweden will acquire four state-of-the-art frigates from French shipbuilder Naval Group in a €4.3bn ($5bn) deal.

CLAVE 2 / 4The first vessel is set for delivery in 2030, with the quartet becoming the largest ships in the Swedish navy.

CLAVE 3 / 4The frigates will be equipped with Aster 30 air-defence missiles and could carry naval cruise missiles for long-range strikes.

CLAVE 4 / 4The purchase is expected to triple Sweden’s air-defence capacity, marking a strategic shift after abandoning neutrality post-Ukraine invasion.

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