Business daily Dagens Industri reports that currency fluctuations will have an impact on Sweden’s purchase of a new air defence system from the United States; in the past four months, the weak exchange rate of the Swedish krona to the US dollar has added an additional SEK 2.2 billion to the cost of the Patriot system – SEK 25.9 billion has suddenly become SEK 28.1 billion.
The Defence Materiel Administration’s Joakim Lewin, who has been involved in the negotiations with the Americans, is hoping the krona will strengthen before the bill is to be paid. He says the authority is operating “within the financial framework it has received from the Armed Forces, so it is a matter for the Armed Forces if there is anything they wish to change”.
The newspaper also reports that the maintenance of the Patriot is likely to cost SEK 300 million annually, corresponding to a third of the Swedish Army’s current maintenance costs.
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