Poland buys submarines from Saab for €4.24 billion

Sweden has officially confirmed the planned submarine deal with Saab. The company will sell three submarines to Poland for approximately €4.24 billion (SEK 47 billion). The final implementation of the deal is scheduled for 2038. This sale is part of Poland's efforts to modernize its submarine fleet.

Poland has been evaluating various options to renew its submarine fleet for a long time. Saab's A26 submarines are notable for their advanced stealth technology and long-range capabilities. These submarines will significantly enhance Poland's defense capacity in the Baltic Sea. The deal also includes technology transfer and local production share, which will contribute to the development of Poland's defense industry.

The Swedish government stated that the approval of the deal increases Saab's export potential. Saab has exported submarines to many countries before, but this deal is one of the company's largest defense export agreements. The deal is seen as the beginning of a new era in Swedish-Polish relations. Defense cooperation between the two countries is also gaining importance within the NATO framework.

Poland decided to increase defense spending after Russia's intervention in Ukraine. This submarine purchase is part of Poland's strategy to enhance deterrence. Additionally, Poland's submarine fleet will strengthen NATO's presence in the Baltic Sea. The deal aligns with Poland's goal of raising its defense budget to 3% of GDP by 2035.

The financing of the deal will be provided through Poland's budget resources and international loans. Saab expects deliveries to begin in the mid-2030s and be completed by 2038. During this process, Polish engineers and technicians will receive training. The deal will also create new employment opportunities in Poland. Experts say this deal could affect the regional balance of power.