Sweden is already exporting defense materials to several NATO countries, and its potential membership could create opportunities for new companies to do business with the defense alliance. One area of interest is space technology, where Sweden has expertise due to the Esrange space base.
Diana, a NATO program, aims to develop and support civil technology that can have military applications, offering grants and financing to member countries' companies. Sweden's advanced technology in radar, sensors, artificial intelligence, and quantum computers makes it a sought-after partner.
Additionally, Sweden possesses valuable expertise in cryptography and intelligence operations, but the most sensitive knowledge is shared only with select countries within NATO.
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Questions remain for Sweden's NATO process
Last week Türkiye's President Erdogan announced that he was finally ready to move ahead with Sweden's NATO application, but questions remain. The main question being when Türkiye might vote on the matter. The Turkish Parliament went on summer recess last Friday and is not scheduled to return until October.
There are also still questions about when Hungary may vote to approve Sweden. In the past Hungarian leaders had made it clear that they would move forward when Türkiye did, but as of now, it is still unclear when Hungary may move forward.
Once Sweden finally is part of the military alliance there are also questions about what exactly their role will be. Last week Minister of Defense Pål Jonson (M) said that Sweden will need to take a commanding role during times of crisis, and will therefore work toward being a "reliable and influential ally."