Few countries are as well positioned as Sweden to address the need for deterrence with an opportunity for prosperity. A heritage of a strong and capable defense industry combined with a low national debt and recent NATO membership provide excellent circumstances to succeed. Translating the rising demand from the European rearmament into growing defense sectors could increase Swedish revenues from hardware military systems and civil defense products fivefold to 330 billion Swedish kronor ($35.8 billion) by 2035. However, the Swedish defense industry needs to strive for platform leadership with at least 15 percent market share in selected sectors given the new NATO context, or risk marginalization as demand is consolidating and competition is increasing. The scale of European rearmament and Sweden’s important role Europe is facing a period of heightened geopolitical instability, marked by ongoing conflicts and a shifting global order.…