Forsvarets Materielverk

What Forsvarets Materielverk does

F\u00f6rsvarets Materielverk (FMV) is the Swedish Defence Materiel Administration, a government agency operating under the Swedish Ministry of Defence. FMV procures, develops and delivers materiel and services to the Swedish Armed Forces, managing approximately 700 concurrent materiel projects and completing or starting roughly 100 assignments each year. The agency states an annual turnover of approximately 49 billion SEK and planned deliveries of approximately 475 billion SEK over the coming ten years. FMV aggregates in-house specialists across technology, commercial, legal and project management disciplines and operates a national network of roughly ten locations in Sweden, including headquarters in Stockholm and dedicated Test & Evaluation facilities at Vidsel, Link\u00f6ping, Karlskrona, Karlsborg, Sk\u00f6vde and Enk\u00f6ping.

FMV's portfolio covers the full defence spectrum: multirole combat aircraft (JAS 39 Gripen including the E variant with AESA radar and TAU tactical datalink), next-generation submarines (A26 Blekinge-class with Stirling air-independent propulsion and flexible payload), stealth naval surface combatants (Visby-class corvettes built on carbon-fibre composite hulls), artillery systems (Archer 155mm/L52 on RMMV Hx2 8x8 and Grkpbv 90 mortar carriers), a multi-layer radar and sensor network (Program Sensorsystem ny incorporating SMART-L, GM200 MM/C and Giraffe 4A), tactical C4ISR (Ledningsst\u00f6dssystem Mark), soldier equipment (Markstridsuniform 24 and the AK 24 family of small arms) and amphibious capability programmes. FMV itself does not develop these core technologies but orchestrates their development, integration, verification and validation with Swedish primes (Saab, Saab Kockums) and international partners.

The revenue model is dominated by government appropriations allocated through the Ministry of Defence; FMV conducts procurement under Swedish public procurement law (LOU) and defence-specific procurement law (LUFS). Secondary, much smaller revenue streams include statutory fees on defence export support applications (SEK 15,000 each) and commercial sale of spare Test & Evaluation capacity to agencies, companies and allied defence forces. Demand is driven by the operational requirements of the Swedish Armed Forces and by Sweden's international defence commitments, including participation in NATO (joined 2024), NORDEFCO, FISE bilateral cooperation with Finland, the European Defence Fund and the European Defence Industry Programme. FMV also procures materiel for Ukraine as part of Sweden's military support package. The GTM motion is therefore sales-led and event-driven rather than commercial: there is no external sales funnel, and demand is generated through intergovernmental requirements.

Name

Forsvarets Materielverk

Legal name

Försvarets materielverk

Website

https://fmv.se

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

F\u00f6rsvarets Materielverk (FMV) is the Swedish government's defence procurement agency under the Ministry of Defence, procuring, developing and delivering materiel and services to the Swedish Armed Forces through approximately 700 concurrent projects and approximately 49 billion SEK in annual turnover.

Ownership category

akta.pro rank

Product category

Defence Procurement Services

NAICS

National Security and International Affairs (9281), Computer Systems Design and Related Services (54151)

SIC

Guided Missiles & Space Vehicles & Parts (3760), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Defense Infrastructure, Installations & Base Operations (BPAIAHAK)

akta.pro secondary industry

Infrastructure & Project Finance Advisory (BPAHADAO)

Keywords

• Defense procurement services
• Military materiel acquisition
• Test and evaluation
• Defense logistics support
• Government defence procurement

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Government Defence Procurement Budget: FMV is funded through the Swedish government's defence budget allocated by the Ministry of Defence. FMV drives approximately 700 material projects and turns over approximately 49 billion SEK per year. Planned deliveries amount to approximately 475 billion SEK over the coming ten years. Revenue is entirely from government appropriations for defence materiel procurement, development and logistics services.
2. Defence Export Support Services: FMV supports Swedish defence export through state representation in intergovernmental defence exports and handling of export support applications from Swedish defence industry. Fees of SEK 15,000 are charged per export support application. Export support activities must benefit the Swedish Armed Forces' long-term material supply or otherwise serve Swedish defence and security policy.
3. Test and Evaluation Commercial Services: FMV's Test & Evaluation (T&E) division sells available capacity not used for FMV or the Armed Forces to government agencies and companies both within and outside Sweden, as well as training activities to other nations' defence forces, on commercial terms.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Försvarets Materielverk (FMV) is a Swedish government agency under the Ministry of Defence that procures, develops and delivers defence materiel and related services to the Swedish Armed Forces. The agency drives approximately 700 material projects covering all defence domains (air, land, sea, space, cyber), completes about 100 assignments per year, and turns over approximately 49 billion SEK annually with planned deliveries of approximately 475 billion SEK over ten years. It also provides verification and validation services through its national Test & Evaluation facilities and supports Swedish defence exports through intergovernmental agreements.

Product overview

FMV (Försvarets Materielverk / Swedish Defence Materiel Administration) is a governmental agency that procures, develops, and delivers defense materiel and services to the Swedish Armed Forces. FMV manages approximately 700 material projects with annual turnover of approximately 49 billion SEK and planned deliveries of 475 billion SEK over ten years. The portfolio includes major combat systems (JAS 39 Gripen fighter aircraft, A26 submarines), naval vessels (Korvett Visby corvettes), ground systems (Archer artillery, Grkpbv90 armored mortar carriers), soldier equipment (Nordic Combat Uniform, small arms), surveillance systems (Program Sensorsystem ny multi-layer radar network), and C4ISR capabilities (Ledningsstödssystem Mark command systems). FMV operates test and evaluation facilities across Sweden and participates in NATO, EU, and bilateral defense cooperations.

Differentiator

Problem solved

Functional benefit

Products and services

• JAS 39 Gripen fighter aircraft system
• A26 Blekinge-class submarine
• Archer 155mm artillery system
• Visby-class stealth corvette

Quantifiable outcome

• FMV drives approximately 700 material projects and completes about 100 assignments each year.
• +6 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered core, major and strategic.

• Saab AB ( Saab Kockums AB for submarines)coreStrategic or Co-development PartnerSaab is the primary Swedish defence industry partner for major FMV programmes including JAS 39 Gripen fighter aircraft, A26 Blekinge-class submarines (via Saab Kockums), and Visby-class corvettes. FMV has contracted Saab for the Gripen E development and production (worth over 47 billion SEK from 2013-2026) and A26 submarine construction (approximately SEK 9.6 billion). The relationship is long-term and strategic, covering the full lifecycle from development through sustainment.
• Swedish Armed Forces (Försvarsmakten)coreStrategic or Co-development PartnerThe Swedish Armed Forces is FMV's primary customer and principal partner. FMV delivers all defence materiel to the Armed Forces, working closely with military planners to define operational requirements, test and commission systems, and sustain them throughout their operational life. FMV and the Armed Forces collaborate in integrated project teams.
• SAKO (Finland)coreStrategic or Co-development PartnerFinland and Sweden conducted joint procurement of small arms systems within FISE (Finnish-Swedish defence cooperation). SAKO of Finland was awarded the framework agreement for small arms including SSV, AK, SSG and PSG. The ten-year agreement with options for extension also serves Police, Customs, Säpo and Coast Guard. Finland and Sweden jointly evaluate and test weapon systems for the armed forces of both nations.
• Finland (within FISE bilateral cooperation)coreStrategic or Co-development PartnerFinland and Sweden conduct bilateral defence cooperation (FISE) including joint procurement of small arms systems, sniper rifles and automatic rifles. The joint approach enables shared development costs and standardised equipment across both nations' armed forces.
• Denmark, Finland, Norway (NORDEFCO)coreStrategic or Co-development PartnerNordic Defence Cooperation (NORDEFCO) enables joint procurement and capability development among Denmark, Finland, Norway and Sweden. The Nordic Combat Uniform (MSU24) project is a flagship joint procurement worth EUR 425 million. Nordic countries also cooperate on materiel sustainment, training and logistics.
• NATO and Allied NationscoreStrategic or Co-development PartnerFMV participates in NATO structures including Conference of National Armaments Directors (CNAD) and its subgroups. Sweden joined NATO in 2024. FMV works to ensure Swedish materiel interoperability with allied systems and contributes to NATO capability development initiatives. FMV coordinates with NSPA and NCIA for joint procurement.
• NATO Support and Procurement Agency (NSPA)majorChannel Partner/ Reseller/ DistributorNSPA is NATO's central procurement organisation providing logistics, operational support, services and weapons to allies, NATO's military organisation and partner countries. FMV interfaces with NSPA for cooperative procurement and represents Swedish interests in NATO procurement frameworks.
• European Union / European Defence Fund (EDF)majorStrategic or Co-development PartnerFMV represents Sweden in the European Defence Agency (EDA) and participates in the European Defence Fund (EDF) which co-finances defence research and development projects involving participants from at least three member states. FMV's national EDF office handles applications for state co-financing and supports Swedish participation in the fund.
• European Defence Industry Programme (EDIP)majorStrategic or Co-development PartnerEDIP is a 1.5 billion EUR EU initiative to strengthen and modernise Europe's defence industry. FMV participates in EDIP's industrial reinforcement actions (over 700 million EUR), joint procurement support (240 million EUR), and European Defence Projects of Common Interest (325 million EUR). FMV also supports Ukraine through EDIP's Ukraine Support Instrument (300 million EUR).
• Gripen Export Partner Nations (Czech Republic, Thailand, Hungary, South Africa)majorStrategic or Co-development PartnerFMV manages intergovernmental Gripen export contracts with Czech Republic, Thailand, Hungary and South Africa. These contracts represent the Swedish state's export commitments and involve ongoing sustainment and upgrade cooperation. FMV works to make these agreements transparent, traceable and manageable.
• US Army / US Department of DefensecoreStrategic or Co-development PartnerSweden and the US have an agreement on mutual support in defence procurement. FMV and SOFF have established a Swedish prioritisation and allocation system mirroring the US DPAS to secure critical components in strained global supply chains. The Archer troposcatter communication system (tested by FMV with Marconi Technologies) was selected by the US Army for secure beyond-line-of-sight communications.
• Swedish Defence Research Agency (FOI)coreStrategic or Co-development PartnerFOI (Totalförsvarets forskningsinstitut) conducts defence research supporting FMV's materiel projects. FMV collaborates with FOI on the Amfibiebataljon 2030 project and other advanced capability development programmes, combining FMV's procurement expertise with FOI's research capabilities.
• Karlskronavarvet AB and KTH Royal Institute of TechnologystrategicTechnology or IntegrationThe Visby-class corvette's carbon fibre composite hull technology was developed in Sweden through collaboration between FMV, Karlskronavarvet AB and KTH. This partnership created stealth technology for naval vessels that provides significant signature reduction advantages.
• BAE SystemsstrategicTechnology or IntegrationBAE Systems was awarded a $180 million contract by FMV for delivery of the TRIDON Mk2 mobile anti-aircraft system (truck-mounted 40mm gun). Earlier in 2026, Sweden and Denmark jointly procured TRIDON Mk2 systems through FMV to support Ukraine's air defence capabilities.
• Marconi TechnologiesstrategicTechnology or IntegrationMarconi Technologies completed troposcatter communications evaluation with FMV between June 1-5, 2026, demonstrating sustained high-throughput connectivity via its Archer system over a 75km link between Enköping and Arboga. Throughput was five to six times higher than previously recorded. FMV validated Archer's integration with the Swedish Armed Forces' mobile network node. The Archer system was recently selected by the US Army for secure communications.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Defence Equipment & Support (DE&S): UK Ministry of Defence agency that procures and supports defence equipment for the British Armed Forces. Closest functional peer to FMV — both are government entities operating under national defence ministries, executing procurement, in-service support, and through-life capability management across land, sea, and air domains.
• Bundesamt für Ausrüstung, Informationstechnik und Nutzung der Bundeswehr (BAAINBw): German federal agency responsible for equipping the Bundeswehr with all major weapon systems, IT, and support services. Operates with a comparable mandate to FMV across all defence domains, manages multi-decade procurement programmes, and is integrated into NATO and EU defence frameworks — making it a structural counterpart in scale and scope.
• Direction Générale de l'Armement (DGA): French government defence procurement and technology agency under the Ministry of Armed Forces. Combines procurement, R&D, and export support for the French Armed Forces, with comparable scale and lifecycle responsibility — directly analogous to FMV's procurement-plus-test-and-evaluation mandate.
• Norwegian Defence Materiel Agency (Forsvarsmateriell): Norwegian defence materiel agency under the Norwegian Ministry of Defence. Direct Nordic counterpart to FMV — same Nordic Defence Cooperation (NORDEFCO) framework, joint procurement programmes such as Nordic Combat Uniform, and similar statutory mandate for Norwegian Armed Forces equipment.
• Defence Acquisition Programs Administration (DAPA): South Korean defence procurement agency under the Ministry of National Defense. Manages defence acquisition programmes, technology development, and international cooperation for the Republic of Korea Armed Forces — a structural peer with comparable scope, programme-lifecycle responsibility, and government-agency status.
• Danish Ministry of Defence Acquisition and Logistics Organisation (DALO): Danish defence procurement and logistics organisation. Closest Nordic neighbour to FMV, participating in the same NORDEFCO joint procurement frameworks (including Nordic Combat Uniform) and small-arms FISE cooperation; functionally analogous in mandate and scale.

Broad incumbents

• Defence Logistics Agency (DLA): US Department of Defense combat logistics support agency handling global supply chains, procurement, and disposition for the US Armed Forces. Much larger in scale and broader in scope (logistics-heavy), but performs a comparable procurement-and-sustainment function for a national military under a defence ministry hierarchy.

Others

• Saab AB: Swedish defence and aerospace company and FMV's primary industrial partner across Gripen, A26 submarines, Visby corvettes, Giraffe radar, and other platforms. Included as the dominant supplier ecosystem participant whose own trajectory is tightly coupled to FMV's programme pipeline.
• NATO Support and Procurement Agency (NSPA): NATO's central procurement and logistics organisation. Acts as a partner/co-procurement channel for FMV on multilateral programmes, but does not compete with FMV on national procurement — included as the most relevant allied ecosystem counterpart for joint contracting.
• Saab Kockums AB: Swedish submarine and surface-vessel shipbuilder (Saab subsidiary) and prime contractor on A26 Blekinge-class submarines and Visby-class corvettes. Closest industrial supplier to FMV's naval materiel business area; their through-life sustainment obligations effectively mirror FMV's programme management scope on those platforms.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles22 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Forsvarets Materielverk