Startups
Swedish investment firm Front Ventures has secured €5 million in new capital to increase investments in early-stage defense technology companies in Ukraine and Sweden. The funding will target companies with operationally tested technologies that are ready for industrial growth.
Sweden
Swedish small arms manufacturer Steen Defense has acquired Mikromekanik AB, a precision engineering company based in Eskilstuna. The transaction is intended to expand production capacity and strengthen the company's ability to bring new products to market. Financial terms were not disclosed.
Poland
Saab and Poland’s PGZ signed a naval cooperation agreement covering submarine support, underwater technologies, and industrial collaboration linked to Poland’s maritime modernization efforts.
Sweden
Sweden’s defence procurement agency has ordered eight Rheinmetall SeaSnake 30 naval weapon systems for the Swedish Navy, marking the first acquisition of this remote-controlled 30 mm close-in weapon system by a NATO member.