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Stockholm: Sweden said on Tuesday it was investing 386 million kronor ($40 million) to boost the country's satellite launch capabilities, citing deteriorating security.
The investment would strengthen the launch capabilities of the Esrange Space Centre outside the city of Kiruna, north of the Arctic Circle.
Defence Minister Pal Jonson told a press conference "deteriorating security" meant more organisations "have a need for satellite-based capabilities."
"Esrange therefore constitutes an important strategic asset for the European Union and NATO -- not least in light of the increasing strategic importance of the Baltic Sea region and the Arctic's increasingly strategic importance," Jonson told reporters.
"Sweden therefore has great potential to develop as a central space actor in the Baltic Sea region and in the Arctic by providing space capabilities and space services," he said.
Sweden dropped two centuries of military non-alignment and joined NATO in 2022.
