Just another Network site

Sweden Seeks to Buy $1 Billion U.S. Patriot Air Defense Missile System

  • STOCKHOLM/WASHINGTON — Sweden will start negotiations on a $1.2 billion Raytheon Co Patriot air defense missile system, as interest in missile defense systems strengthens amid heightened regional tensions and ballistic missile technology improves globally.
  • The Swedish government said on Tuesday negotiations with the U.S. company will target delivery beginning in 2020, and for the system to be operational by 2025 at the latest.
  • Raytheon said, “Sweden’s announcement brings them closer to joining the growing group of European nations depending on the combat-proven Patriot to defend against ballistic and cruise missiles, and advanced aircraft and drones.”
  • The Swedish government said, “based on this tender and the decision of the Riksdag (the Swedish Parliament) on the proposal to acquire a new medium-range air defense system in the 2018 budget bill, the government will make a final decision on the acquisition during 2018.”
  • Lockheed Martin Corp, the Pentagon’s No. 1 weapons supplier, said in August its customers want to defend themselves against possible incoming missile attacks and are increasingly asking about missile defense systems.

Sweden will start negotiations on a $1.2 billion Raytheon Co Patriot air defense missile system, as interest in missile defense systems strengthens amid heightened regional tensions and ballistic missile technology improves globally.

STOCKHOLM/WASHINGTON — Sweden will start negotiations on a $1.2 billion Raytheon Co Patriot air defense missile system, as interest in missile defense systems strengthens amid heightened regional tensions and ballistic missile technology improves globally.

The Swedish government said on Tuesday negotiations with the U.S. company will target delivery beginning in 2020, and for the system to be operational by 2025 at the latest.

Iran, North Korea and Russia, among others, have made advancements in their missile technology.

Raytheon said, “Sweden’s announcement brings them closer to joining the growing group of European nations depending on the combat-proven Patriot to defend against ballistic and cruise missiles, and advanced aircraft and drones.”

The Swedish government said, “based on this tender and the decision of the Riksdag (the Swedish Parliament) on the proposal to acquire a new medium-range air defense system in the 2018 budget bill, the government will make a final decision on the acquisition during 2018.”

Lockheed Martin Corp, the Pentagon’s No. 1 weapons supplier, said in August its customers want to defend themselves against possible incoming missile attacks and are increasingly asking about missile defense systems.

Raytheon has built more than 220 Patriot fire units and delivered them to customers in 13 nations including The Netherlands and Germany.

The Swedish Defense Materiel Administration (FMV) has been authorized to send a L\letter of request to the United States, and to enter into negotiations for procurement of the Patriot…

Sweden Seeks to Buy $1 Billion U.S. Patriot Air Defense Missile System