PRAGUE, Dec 21 (Reuters) - The Czech Republic has signed a non-binding memorandum with Sweden for the delivery of more than 200 CV90 infantry fighting vehicles, Czech Defence Minister Jana Cernochova said on Wednesday.
The Czech government had announced in July it would start talks to buy the vehicles from a Swedish subsidiary of BAE Systems after cancelling a tender.
The memorandum “confirms the agreement of all three parties (the Czech Republic, Sweden and BAE Systems) on the basic parameters for the procurement of CV90 infantry fighting vehicles,” Cernochova said, without giving details.
The Czech Republic, a NATO member, earlier this year cancelled a long-running $2.6 billion tender for around 210 tracked fighting vehicles that had included BAE Systems, General Dynamics and Rheinmetall.
CTK news agency reported that under the proposed agreement, the Czech army will receive the newest version of the CV90 vehicle. (Reporting by Robert Muller and Jason Hovet Editing by Mark Potter)
Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
Sign up for a free trial of our full service at https://www.breakingviews.com/trial and follow us on Twitter @Breakingviews and at www.breakingviews.com. All opinions expressed are those of the authors.