Lithuania buys Swedish air defence system for 147 million euros - Capital Business
Connect with us

Hi, what are you looking for?

A HQ-17AE air-defense missile is fired during a recent test. [Photo provided to China Daily]

World

Lithuania buys Swedish air defence system for 147 million euros

VILNIUS, July 9 (Xinhua) — Lithuania has bought RBS70 NG, a mobile short-range air defense system, from a Swedish company for 147 million euros (about 159 million U.S. dollars), Lithuania’s Ministry of National Defense said Monday.

The ministry’s Defence Material Agency has signed final agreements with Sweden’s Saab Dynamics AB, and the delivery is scheduled for 2025-2027, the ministry said in a press release.

“The advantage of this system is its mobility, which makes it a much-needed system that will significantly enhance the capabilities of the Lithuanian Armed Forces,” Defense Minister Laurynas Kasciunas said.

“We are currently using the older generation RBS70 air defense system and Bolide missiles,” he noted.

Earlier, Kasciunas had told the Baltic News Service that Lithuania was also considering acquiring Piorun air defense systems from Poland, as well as additional medium-range air defense systems.

Visited 16 times, 1 visit(s) today

More on Capital Business

World

Speaking at the Commission's daily press briefing, Ujvari said the funds will be split to cover critical military and economic needs, with 5.9 billion...

Technology

The deal will move Moltbook's team into Meta's Superintelligence Labs and bring "new ways for AI agents to work for people and businesses", Meta...

World

US beverage and medical cannabis company Tilray has bought the company's UK brewing operations, brand and 11 pubs in a £33m deal.

Banks

NAIROBI, Kenya, Oct 24 – Absa Bank Uganda has signed an agreement to acquire Standard Chartered Bank Uganda’s Wealth and Retail Banking (WRB) business...

Top Story

NAIROBI, Kenya, Oct 13 – The management team at Mi Vida Homes has acquired full ownership of the residential developer from UK-based investor Actis...

World

SEPT 15 – Billionaire Elon Musk has scooped up roughly $1bn (£735m) worth of Tesla shares, in what is being seen as a vote...

Lifestyle

BERLIN, April 19 (Xinhua) — U.S. tariffs could slash Germany’s economic output by as much as 290 billion euros (330 billion U.S. dollars) over...

Africa

MAR 29 – Elon Musk says that his AI venture xAI has acquired his social media platform X, formerly known as Twitter. Click here...