Sweden seeks to buy $1 billion U.S. Patriot air defense missile systemNovember 8, 2017
STOCKHOLM/WASHINGTON (Reuters) – 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.”