BAE Systems signs contract with Sweden for new CV90 combat vehicles

Rhea-AI Summary

BAE Systems has signed a contract with the Swedish Defense Materiel Administration (FMV) to provide new CV9035 MkIIIC combat vehicles and integrated logistic support. These vehicles will replace those donated to Ukraine and expand Sweden's military capabilities. The CV9035 MkIIIC, designed alongside the Netherlands' mid-life upgrade program, features advanced turret designs and ergonomic improvements. This contract also allows other nations to procure the CV90MkIIIC vehicles. The CV90 series has over 1,700 orders and is used by 10 European nations, including eight NATO members.

Positive

• Contract with Swedish Defense Materiel Administration for CV9035 MkIIIC vehicles signifies strong demand.
• CV9035 MkIIIC features advanced design and ergonomic improvements, enhancing combat capabilities.
• Opens opportunities for other nations to join in the procurement of CV90MkIIICs.
• The CV90 series boasts over 1,700 vehicles ordered in 17 variants, indicating robust market acceptance.
• Used by 10 European nations, including eight NATO members, showcasing international reliability and trust.
• Proven combat performance in Afghanistan, Ukraine, and operations in Liberia.

Negative

• Replacement of donated CV9040 vehicles to Ukraine indicates potential depletion of current assets.
• Dependency on continuous military conflicts and defense budgets for sustained demand and profitability.

STOCKHOLM & FALLS CHURCH, Va.--(BUSINESS WIRE)-- BAE Systems has signed a contract with the Swedish Defense Materiel Administration (FMV) for new CV9035 MkIIIC vehicles, as well as associated integrated logistic support.

This new contract will provide new-build CV90s to help replenish the Swedish Army’s fleet. These new CV9035 MkIIICs will replace CV9040 vehicles donated to Ukraine by the Swedish government. In addition, the Swedish government is procuring more new-build CV90 vehicles to expand Ukraine capabilities. The contract will provide the opportunity for other nations to join in the procurement of CV90MkIIICs.

“These new CV9035 MkIIICs will extend the capabilities of both the Swedish and Ukrainian armies and provide crews improved combat awareness, increased mobility, protection, and lethality,” said Tommy Gustafsson-Rask, managing director of BAE Systems Hägglunds, which designs and produces the CV90.

The new CV9035 MkIIIC is built to the same standard as the newest CV90 mid-life upgrade program for the Netherlands. The vehicles will be equipped with a new turret which provides a leap forward in design and functionality. It also offers significant ergonomic improvements to benefit the vehicle’s crew. The vehicle is built on years of combat-proven experience, continuous improvements, and data gathering from the CV90 User Club, which comprises the nations operating CV90 fleets.

BAE Systems’ CV90 infantry fighting vehicle provides world-leading combat capability in the 20–38-ton class. It can integrate a wide range of weapon systems, providing all-target capability to land forces around the world. With a total of 1,700 vehicles ordered in 17 different variants, the CV90 has covered more than eight million kilometers. It has been selected by 10 European nations, eight of them NATO-members, and has seen combat in Afghanistan and Ukraine, as well as operations in Liberia.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520254407/en/

For more information, please contact:

Ola Thorén, BAE Systems Hägglunds

Mobile: +46 708 335000

ola.thoren@baesystems.se

www.baesystems.com/US

@BAESystemsInc

Source: BAE Systems, Inc.

FAQ

What is the significance of BAE Systems' contract with Sweden?

The contract provides new CV9035 MkIIIC combat vehicles to replenish and enhance the Swedish Army's fleet, replacing those donated to Ukraine.

What are the features of the new CV9035 MkIIIC vehicles?

The CV9035 MkIIIC features an advanced turret design, ergonomic improvements, and enhanced combat capabilities.

How does the contract with Sweden impact other nations?

The contract allows other nations to join in the procurement of the CV90MkIIIC vehicles, expanding its international reach.

How many CV90 vehicles have been ordered globally?

Over 1,700 CV90 vehicles have been ordered in 17 different variants.

Which countries use the CV90 combat vehicles?

The CV90 combat vehicles are used by 10 European nations, including eight NATO members.

What is the combat history of the CV90 series?

The CV90 series has seen combat in Afghanistan, Ukraine, and has been deployed in operations in Liberia.