According to FMV, the contract is valued at EUR 302 million (SEK 3.5 billion). The modernization of the Swedish Stridsvagn 122 tank fleet will enable the Swedish Armed Forces to operate these tanks at least into the 2030s.
FMV stated in a release that the scope of the Stridsvagn 122 modernization includes, among other things, the integration of a new cannon (probably L55A1), resulting in an increased capability for the tank to use programmable ammunition. After the upgrade, the tank will receive the designation Stridsvagn 122A.
The upgrade work will be conducted at the KMW plant in Munich, Germany. The first batch of upgraded tanks is expected to be delivered to the Swedish Armed Forces in 2026.