The agreement marks a shared strategic perspective on global security threats. Credit: lunopark/Shutterstock.

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.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

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.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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.