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Swedish Defence Materiel Administration (FMV) ramps up orders

Source: FMV, Defence Industry Europe

The Swedish Defence Materiel Administration (FMV) has reported a remarkable increase in its operational activities, with a 95% surge in industry orders in 2022, reaching SEK 36.4 billion. The trend is set to continue in 2023, with an expected increase of over 20%, totaling approximately SEK 44 billion. This cumulative two-year ordering of SEK 80 billion represents a historic rise for the FMV.

 

The projected growth for 2023 is attributed to both replacement acquisitions due to the war in Ukraine and an accelerated ambition in line with the existing total defence concept.

FMV’s Director-General, Göran Mårtensson, stated, “With these results, I can confirm that FMV has so far met the new defence policy requirements. We are operating at a different level and much faster pace than before. However, we must continue to place substantial orders throughout 2024 and beyond to ensure timely deliveries to the Swedish Armed Forces.”

 

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Alongside the increased supplier orders, FMV’s support to Ukraine has expanded in various areas. Significant efforts have been made to strengthen the agency’s internal processes, governance, and monitoring to meet further increases in defence material procurement. The collaboration with the Swedish Armed Forces has also evolved to shorten lead times and accelerate the procurement process.

Mårtensson concluded, “To manage further growth in defence and upcoming budget increases, FMV and other actors in the procurement chain must maintain the pace and work even smarter.” This statement underscores FMV’s commitment to adapting and responding to the evolving needs of Sweden’s defence sector.

 

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