• Sweden edition
Business & Money

Explosive growth for Swedish arms exports in 2008

Published: 3 Mar 09 15:59 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/17966/20090303/

Swedish arms exports jumped up 32 percent in 2008, with large purchases by five countries accounting for nearly 60 percent of total.

According to an annual report by the Swedish Inspectorate for Strategic Products (ISP) released on Tuesday, Swedish defence companies sold 12.7 billion kronor ($1.4 billion) worth of weapons in 2008.

The upswing in military sales last year more than wiped out a 7 percent decline in arms exports from 2007.

“As in previous years, several large deals had a real effect on statistics, like the sale of the JAS Gripen to South Africa and CV90 combat vehicles to the Netherlands and Denmark,” said ISP director general Andreas Ekman in a statement.

Other notable export deals included purchases by Greece and Pakistan of the Erieye airborne radar systems.

Swedish arms manufacturers sold goods totaling 1.9 billion kronor to South Africa in 2008, making it the single largest purchaser of Swedish defence equipment last year.

Exports to the Netherlands and Denmark each totaled 1.8 billion kronor, while sales to Greece came to 1.1 billion.

Pakistan meanwhile purchased 846.4 million kronor worth of Swedish military equipment, while Swedish arms exports to India totaled 506.2 million kronor in 2008.

The ISP reports that 59 percent of Sweden’s arms exports went to other countries in the European Union, Norway, and Switzerland, while 28 percent of sales were made to “established partners” such as the United States, Australia, Canada, Japan, New Zealand, Singapore, and South Africa.

David Landes (news@thelocal.se/+46 8 656 6513)

Fark It! Digg This  Share everywhere
Send to a friend Printable version Twitter This
Business & Money headlines
Nine of ten tourists 'happy' with Sweden

Nine of ten tourists 'happy' with Sweden

Nearly 17 million foreign tourists visited Sweden in 2011, and almost all of them enjoyed their stay, according to a new report. READ (1 COMMENT) »

Armed thieves escape after highway chaos

Armed thieves escape after highway chaos

Police are searching for the men involved in a dramatic highway robbery in Stockholm on Tuesday night, in which one car was stolen at gunpoint and an armoured transport vehicle was rammed. READ (9 COMMENTS) »

Arla looks to milk UK, German dairy mergers

Arla looks to milk UK, German dairy mergers

Swedish-Danish dairy giant Arla plans to merge with both a German and a British dairy cooperative in a bid to become the largest dairy company in the UK. READ (4 COMMENTS) »

Swedish airline Skyways files for bankruptcy

Swedish airline Skyways files for bankruptcy

Swedish budget airline Skyways Express has cancelled all flights after it and its City Airline subsidiary filed for bankruptcy on Tuesday morning. READ (3 COMMENTS) »

Sweden drifting from 'Swedish model': report

Sweden drifting from 'Swedish model': report

Sweden's historically generous social safety net isn't as robust as it once was, according to a new report, which reveals Sweden has fallen below the average for many other developed countries when it comes to various types of social insurance. READ (37 COMMENTS) »

Swedish printer in South Africa banknote fiasco

An error involving a Swedish printing press has turned into a very expensive headache for South African central bank officials who have been forced to destroy millions of dollars' worth of faulty banknotes. READ (4 COMMENTS) »

Construction workers see fewer inspections

Construction workers see fewer inspections

Sweden's work environment watchdog has made ten percent fewer inspections on construction sites over the past seven years, despite twice as many work-site employees since 2007. READ (1 COMMENT) »

IKEA SPYING SCANDAL
Ikea bosses sacked over France spying scandal

Ikea bosses sacked over France spying scandal

Ikea is sacking four managers at its French subsidiary following allegations that they spied on employees and customers using an illegal police database, the Swedish home furnishing retailer announced on Friday. READ (1 COMMENT) »

The bikini in the picture is not the bikini featured in the article.

Boob burns not bikini-related: Swedish retailer

The manufacturer of the bikini suspected of having caused severe bust-line burns on a Swedish woman claims that test results reveal the beach garment is not responsible for the woman's scorched skin. READ (6 COMMENTS) »

Firm sued over Facebook 'threats' sacking

Firm sued over Facebook 'threats' sacking

Swedish trade union Unionen has opened legal action against a firm from Piteå in northern Sweden on behalf of two employees fired after posting "threatening" comments against a manager on Facebook. READ (2 COMMENTS) »

More Business & Money

Highlights from Follow Sweden

Meet Sanna, 9 years old

Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »

Strindberg, king of drama

August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »


Find a new job in Sweden now
24/05 Creative Merchant Risk Analyst
Klarna
Stockholm
24/05 German Speaking Risk Agent
Klarna
Stockholm
24/05 HR Administrator/assistant to QlikTech
Academic Work
Lund
24/05 Inside Sales Representative Barcelona
PTC
Gotland
24/05 Markets Coordinator
Precise Biometrics
Skåne
24/05 Norwegian speaking Risk Agent
Klarna
Stockholm
24/05 Onboarding Coordinator to QlikTech
Academic Work
Lund
24/05 Open Pages Solutions Representative
IBM
Malmö
24/05 Open Pages Solutions Representative
IBM
Stockholm
24/05 Sales and Operations Planning (SOP) Manager
Altia Corporation
Stockholm

ALL JOBS »


 
Latest Business & Money news from Germany
Volunteer Venture
Volunteer Venture is dedicated to promoting community tourism by welcoming volunteers and travelers to discover the cultural differences in Nepal as English teaching volunteers, orphanage volunteers, Monk teachers and many more
www.volunteerventure.org/
The Local's new Marketplace
Find products and services that are specifically focused on English speakers living in Sweden!
FULL DETAILS
English Speaking Therapist Stockholm
British-Australian Male Counsellor. Counselling Therapy for Depression, Mental Health, Sex, Relationship & Expat Issues
08-559 22 636 or CLICK HERE
Doctor of Psychology
Therapy in English in Stockholm Trained in California Individuals & Couples (08) 93 81 48 FREE phone consultation
Visit anxiousorblue.se
Turning Point Counseling
Turning Point Counselling centre offers the international community of Stockholm a safe space for personal development, counselling and coaching.
http://www.turning-point.se/show.asp
Swedish Down Town
Swedish Down Town PR Consulting and Productions is an innovative business company which provides valuable assistance with Public Relations and Communications in the Swedish and the international market.
www.swedishdowntown.com
QUALITY ACCOMMODATION ON SWEDISH HIGH COAST
Comfortable Fully Serviced Apartments for Leisure or Business Travel Beautiful surroundings. Internet & Sat TV
www.oldriverhouse.se