BAE Systems (BA.L) said it would upgrade and build CV90 armoured combat vehicles for the Norwegian Army under a contract worth about 500 million pounds or $750 million granted by the Norwegian Government. The company would upgrade Norway's existing 103-vehicle CV9030 fleet, delivered from the mid-1990s, and construct new vehicle chassis to deliver 144 CV90s in different configurations, including a variant equipped with a sensor suite for improved surveillance capability.
The project would deliver 74 infantry fighting, 21 reconnaissance, 15 command, 16 engineering, 16 multi-role and two driver training vehicles.
The new vehicle fleet would have significantly improved protection, survivability, situational awareness, intelligence and interoperability, by incorporating lessons learned from Norwegian operations in Afghanistan.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.