BAE Systems Hägglunds
Swedish subsidiary of BAE Systems that designs, manufactures and supports tracked military vehicle systems including the CV90 and BvS10
- CEO / Founder
- Tommy Gustafsson-Rask
- Team Size
- 1001-5000
- Stage
- Established
- Latest Round
- Acquired
- Key Investors
- BAE Systems (parent company, acquired 2004)
Technology & Products
Key Products
CV90 family of infantry fighting vehicles (MkIV); BvS10/Beowulf all-terrain articulated tracked vehicles; Bandvagn 206 (Bv 206); Microfactory mobile AM solution for field-deployed spare parts production; Technical Data Packs for qualified AM spare parts; vehicle sustainment, modernization and upgrade services
Technological Advantage
Proprietary expertise in tracked military vehicle design and production; Wire Arc Additive Manufacturing (WAAM) capability for large metal components (up to 1m, 300kg); Microfactory concept combining AM + post-processing in deployable containers; NATO RAPID-e database participation for qualified AM spare parts; $450M+ investment in production expansion
Differentiation
Value Proposition
Designs, manufactures and supports tracked military vehicle systems (CV90 infantry fighting vehicles and BvS10/Beowulf all-terrain vehicles) for defence customers worldwide, with growing focus on additive manufacturing for on-demand spare parts production via mobile microfactories
How They Differentiate
Long heritage in tracked all-terrain vehicles (since 1899); battle-proven CV90 platform with 1,400+ units produced across 17 variants for 10 nations; integrated AM capability for field-deployed spare parts via Microfactory; Swedish design with Arctic operational expertise; NATO interoperability
Market & Competition
Target Customers
National armed forces and defence administrations (Swedish Defence Materiel Administration FMV, US Army, and defence forces of NATO member nations)
Industry Verticals
Defence; Military Land Systems
Competitors
Rheinmetall (Lynx KF41 IFV); KNDS (Boxer, Leopard); Hanwha Defense (AS21 Redback)
Growth & Milestones
Growth Metrics
Revenue ~$1.1B in 2025 (up from ~$200M in 2020); workforce grew from 750 (2020) to 2,600 employees; $8B backlog; $450M+ investment in production expansion (2021-2028)
Major Milestones
1899: Founded as Hägglund & Söner furniture joinery; 1974: Development of Bandvagn 206 begins; 1980: First Bv 206 delivered to Swedish Army; 1993: CV90 enters service with Swedish Army; 1997: Military vehicle division sold to Alvis plc; 2004: Acquired by BAE Systems; 2012: Tommy Gustafsson-Rask becomes Managing Director; 2023: First verified AM spare part produced; 2024: Microfactory development begins with Saab and FMV; 2026: First Microfactory delivered to Swedish customer (Q1)
Notable Customers
Swedish Armed Forces; US Army; UK Ministry of Defence; German Bundeswehr; Danish Defence; Finnish Defence Forces; Netherlands Ministry of Defence; Norwegian Armed Forces; Czech Republic Army; Slovak Armed Forces; Swiss Armed Forces; French Army