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Poland wants to sign contract on Swedish submarines in Q2 2026 at the latest

Published by Global Banking & Finance Review

Posted on December 8, 2025

1 min read

· Last updated: January 20, 2026

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Poland wants to sign contract on Swedish submarines in Q2 2026 at the latest
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WARSAW (Reuters) -Poland wants to sign a contract on the acquisition of Swedish submarines in the second quarter of 2026 at the latest, Deputy Prime Minister Wladyslaw Kosiniak-Kamysz said on

Poland Plans Swedish Submarine Contract by Q2 2026

WARSAW (Reuters) -Poland wants to sign a contract on the acquisition of Swedish submarines in the second quarter of 2026 at the latest, Deputy Prime Minister Wladyslaw Kosiniak-Kamysz said on Wednesday, adding it estimates the value of the deal at 10 billion zlotys ($2.73 billion).

Poland chose Sweden's Saab as the supplier in the deal that forms a key element of Warsaw's efforts to bolster its defences on the Baltic Sea.

($1 = 3.6604 zlotys)

(Reporting by Barbara Erling, Anna Wlodarczak-Semczuk,Pawel Florkiewicz, Alan Charlish and Anna Koper)

Key Takeaways

  • Poland plans to sign a submarine contract by Q2 2026.
  • The deal is valued at 10 billion zlotys.
  • Saab is the chosen supplier for the submarines.
  • This deal is crucial for Baltic Sea defense.
  • Deputy PM Kosiniak-Kamysz announced the plan.

Frequently Asked Questions

What is a submarine?
A submarine is a watercraft capable of independent operation underwater, often used for military purposes, including defense and surveillance.
What is the Baltic Sea?
The Baltic Sea is a sea located in Northern Europe, bordered by several countries, including Poland and Sweden, and is significant for trade and military strategy.
What is currency exchange?
Currency exchange is the process of converting one currency into another, often involving a fee or exchange rate that fluctuates based on market conditions.

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