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Global Business / The Economic Times

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Sweden to invest $1.6 billion in air defence systems

Sweden is investing 15 billion Swedish crowns in air defence. This significant expenditure aims to shield citizens and vital infrastructure. The government highlighted the importance of robust air defence following events in Ukraine. Short-range systems will be acquired to safeguard cities and critical facilities. Prime Minister Ulf Kristersson also commented on US rhetoric concerning Greenland and Denmark.

11 Jan 2026 8:35 pm