Sweden's army will buy tanks from German-French defence equipment maker KNDS for 22 billion Swedish crowns ($1.97 billion), the Nordic country's government said on Thursday.

The Swedish army plans to buy tanks from German-French defense contractor KNDS for 22 billion Swedish crowns ($1.97 billion), Sweden's government said in a statement Thursday. The order includes 44 Leopard 2 A8 tanks and upgrades for 66 existing tanks.

HELSINKI (Reuters) - Sweden's army will buy tanks from German-French defence equipment maker KNDS for 22 billion Swedish crowns ($1.97 billion), the Nordic country's government said on Thursday 9 January 2025.

In a significant move to bolster its security, Sweden, the newest NATO member, is set to invest over €1.91 billion in acquiring new tanks and refurbishing its existing fleet.