Lockheed Martin’s sells radar systems for $104 million to Sweden

Sweden has announced plans to acquire multiple TPY-4 radar systems from Lockheed Martin (NYSE: LMT). The deal, worth 1 billion crowns, or over $104 million, was shared by Swedish Defence Minister Paal Jonson on a social media platform on Wednesday.

Lockheed Martin is one of the world’s leading defense manufacturers. The TPY-4 radar system is among the company’s advanced defense offerings. While the exact number of systems to be bought by Sweden was not specified, the significant investment underscores Sweden’s ongoing commitment to bolstering its defense capabilities.