Poland selects Sweden's Saab to provide three submarines.
Poland's Submarine Acquisition: Poland has selected Sweden's Saab to supply three A26 submarines as part of a $2.73 billion deal aimed at enhancing its military capabilities in the Baltic Sea amid rising tensions with Russia.
Strengthening Baltic Defense Cooperation: The deal is part of Poland's "Orka" program to build a Baltic Sea alliance within the EU, enhancing interoperability between the Polish and Swedish navies and addressing regional security concerns.
Timeline and Additional Cooperation: The commercial agreement is expected to be finalized by mid-2026, with the first submarine delivery anticipated in 2030; Sweden will also purchase some armaments from Poland as part of the collaboration.
Market Reaction and Broader Context: Saab's shares rose following the announcement, and the deal reflects a growing emphasis on defense cooperation in the Baltic region, particularly in light of recent suspicious incidents involving underwater infrastructure.
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