Defence Finance Monitor

Defence Finance Monitor

Bofors Defence AB and Europe’s Last-Layer Air Defence Industrial Base

Gun systems, programmable ammunition and strategic fit for European IAMD

Apr 10, 2026
∙ Paid

Bofors Defence AB is relevant to European strategic autonomy because it sits at the intersection of munitions, medium-calibre gun systems and terminal-layer air defence. Its strategic importance does not rest on historical reputation alone, but on its role in providing effectors that can be integrated into wider air and missile defence architectures facing saturation by drones, cruise missiles and other low-altitude threats. In this perspective, the company matters as part of Europe’s ability to retain controllable industrial capacity for close-range defensive firepower, ammunition programmability and rapid-response point defence within allied operational frameworks.

The report is structured in two main parts. It first identifies the company’s core strategic function by examining its industrial role, technology profile and contribution to integrated air and missile defence, with particular attention to its relevance for European deterrence, NATO interoperability and the reduction of external dependencies. It then moves to an evidence-based assessment of the company’s publicly observable corporate, ownership, industrial and supply-chain configuration in order to determine how far it appears aligned, or not fully verifiable, against the autonomy-oriented and procurability conditions associated with current European defence-industrial instruments such as EDIP, SAFE, STEP and related mechanisms.


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