Sweden Picks France’s Naval Group Frigate in $5 Billion Deal
A Naval Group FDI frigate.
Source: Naval Group SA
Sweden picked France’s Naval Group SA to supply four new frigates in an estimated $5 billion deal which paves the way for the Nordic state to play a bigger role in NATO’s maritime defenses.
The government selected the FDI multi-purpose frigate because the model is already in production, Prime Minister Ulf Kristersson and Defense Minister Pal Jonson told reporters in Stockholm on Tuesday. It’s a setback for Britain’s Babcock International Group Plc and Spain’s Navantia SA, which also vied for the contract.