Sweden signs €4.3 billion Naval Group contract for four FDI frigates
Sweden and France signed a contract in Stockholm on Monday for four FDI-based frigates for the Royal Swedish Navy, to be designated the Luleå class. The deal, worth approximately €4.3 billion, was signed in the presence of French President Emmanuel Macron and Swedish Prime Minister Ulf Kristersson, with first delivery expected in 2030. Sweden selected the Naval Group design over competing British-Swedish and Spanish bids announced earlier in 2026.
Why it matters: This is Sweden's largest surface-fleet purchase in decades and marks a French return to Nordic naval orders after losing Norway's frigate competition to BAE Systems last year—Paris now has a second Baltic customer and a platform for pushing FDI exports into the region.
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