The old saying, "When one door closes, another opens" is likely being taken to heart in the offices of Krauss-Maffei Wegmann (KMW) and Rheinmetall AG – the makers of the Leopard 2 main battle tank (MBT).

Sweden is buying 44 German-made Leopard 2A8 tanks, in addition to upgrading 66 of its older models to the same standard, continuing a period of military investment for the Scandinavian country that joined NATO last year.

In a significant move to bolster its security, Sweden, the newest NATO member, is set to invest over €1.91 billion in acquiring new tanks and refurbishing its existing fleet.

Sweden's army will buy tanks from German-French defence equipment maker KNDS for 22 billion Swedish crowns ($1.97 billion), the Nordic country's government said on Thursday.

Sweden has signed a historic contract with the KNDS, a Franco-German defense manufacturer, to acquire 44 Leopard 2A8 tanks and modernize 66 existing tanks. O post Sweden Announces Purchase of 44 Leopard 2A8 Tanks and Fleet Modernization for Nearly $2 Billion apareceu primeiro em TechBreak.