Sweden Selects France’s Naval Group for $5 Billion Frigate Deal

TL;DR

Sweden Picks France’s Naval Group Frigate in $5 Billion Deal Sweden will order four navy warships from France in a $4 billion deal that will see its air defense capacity triple, the Nordic country announced on Tuesday morning. The investment would be Sweden's biggest defense investment since the 1980's, Prime Minister Ulf Kristersson said at a press conference in Stockholm. The purchase of the French Defense and Intervention (FDI) frigates from Naval Group is valued at about 40 billion Swedish crowns ($4.25 billion), and the first delivery is expected in 2030.