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Defence & Security News - Sweden |
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Monday, October 14, 2013 10:48 AM | |||
Defense
Industry of Sweden to invest US$36.5 billion in strengthening Swedish
armed forces. |
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The
defence industry in Sweden has a long history, dating back to the time
when Sweden was a more active military power. Sweden is expected to invest
US$36.5 billion in strengthening its armed forces. The country's military
expenditure will be directed toward the purchase of new defence systems,
international peacekeeping missions, and strengthening its borders. |
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Swedish Company SAAB booth at Defense exhibition |
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Although
there is a slight increase in the country's total defence budget, military
expenditure as a percentage of GDP is predicted to decrease from 1.2%
in 2013 to 1.0% by 2018. This is primarily because the nation's defence
expenditure is not expected to grow at the same rate as economic growth. |
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Defense Industry of Sweden to invest US$36.5 billion in strengthening Swedish armed forces 1410131
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