Defence ministers of Norway and France have taken steps to deepen their defence cooperation through a newly signed letter of intent (LOI).
Both parties acknowledge their shared strategic perspectives on worldwide security challenges and recognise the necessity for heightened awareness and operational presence in the High North region.
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Additionally, this accord sets the stage for increased joint activities, including exercises and training initiatives within Norwegian territory.
This move comes as both countries plan investments in defence materiel, with France among the contenders to supply frigates to the Norwegian Navy.
Norway Minister of Defence Bjørn Arild Gram said: “France is an important ally. We want to expand and strengthen the defence and security policy cooperation with France.”
During the visit of French Defence Minister Sébastien Lecornu to Norway, discussions focused on the future of defence relations between the two countries.
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By GlobalData“France is one of our allied partners that sails, exercises and trains the most in our neighbouring areas. The country also plays an important role in the defence of Ukraine’s and in the strengthening of NATO’s defence capabilities. Our common interests are many and broad, and we have a strong mutual interest in further developing our co-operation,” added Gram.
Lecornu was also introduced to the HUGIN underwater drone by Kongsberg.
Gram stated: “I believe this visit and the letter of intent is the start of even closer co-operation with France in several areas, such as maritime surveillance in the north and joint exercise activities.”
Norway’s defence spending is projected to grow from $7.6bn (Nkr86.5bn) in 2023 to $9.2bn (Nkr107.4bn) by 2028, according to GlobalData’s report titled ‘Norway Defense Market 2023-2028’.
This reflects a strategic response to heightened security concerns, particularly due to increased Russian military activity.
Similarly, France’s defence budget is expected to expand from $60.4bn (€58.6bn) in 2024 to $67.8bn (€65.7bn) by 2029.
GlobalData’s report ‘France Defense Market 2024-2029’ projects that budgetary allotments for purchases would continue to increase, from $14.3bn in 2020 to $21.9bn in 2029.
