Sweden formalized an agreement to acquire four frigates from the French Naval Group during a ceremony in Stockholm on Tuesday, attended by French President Emmanuel Macron and Swedish Prime Minister Ulf Kristersson. The deal, valued at approximately $4 billion, marks a significant step in Sweden’s efforts to enhance its military capabilities following its decision to join NATO in response to Russia’s invasion of Ukraine in 2022.

This procurement reflects a broader shift in European defense policies, as several governments increase their military spending amid concerns over regional security and questions about the reliability of U.S. support. Sweden, which historically maintained a policy of neutrality, has accelerated its defense modernization to better integrate with NATO and respond to evolving threats.

President Macron underscored the importance of the deal for European security, stating that it contributes to building European sovereignty and strengthening the continent’s industrial and technological defense capacity. He emphasized the need for European countries to assume greater responsibility for their security and to reinforce NATO’s European pillar.

Prime Minister Kristersson highlighted the significance of the frigate acquisition as part of Sweden’s broader strategy to upgrade its armed forces and adapt to the changing geopolitical landscape. The order will see the French company deliver advanced naval vessels designed to enhance Sweden’s maritime defense capabilities.

The agreement, initially announced in May, cements the increasingly close defense cooperation between France and Sweden within the frameworks of the European Union and NATO. It signals a coordinated effort among European nations to bolster their collective defense in the face of ongoing security challenges in the region.