Jun 3, 2018

Sweden set to close Patriot missile deal

Sweden will close a deal in the next few weeks with U.S. arms maker Raytheon Co (RTN.N) to buy the Patriot air defense missile system as it modernizes its armed forces amid heightened tensions with Russia.
Moscow’s brief war with Georgia in 2008 and its annexation of the Crimea Peninsula six years later has pushed Sweden, not a NATO member but with close ties to the alliance, to rebuild its armed forces after decades of neglect.
Sweden’s current air defense system, which is over a decade old, cannot shoot down enemy ballistic robots.
The Patriot deal would includes fo r firing units, parts, training and an undisclosed number of missiles.
The contract also includes an option to expand the purchase to up to 300 missiles. Delivery is expected to start in 2021.

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