Terma and Saab Sign Agreements

Saab Gripen Commercial
Saab and Danish defence and aerospace company Terma have signed a Memorandum of Understanding which should be seen as the initial step in a long-term cooperation between the two parties.

The background for the agreement is considerations of Danish Ministry of Defence which is in the process of evaluating options for the replacement of the Danish fleet of F-16 fighter aircraft. Saab is promoting the acquisition by the Danish Government of the Gripen aircraft as its new modern fighter aircraft as one of the candidates for the replacement.

This Memorandum of Understanding (MoU) between Saab and Terma forms a good basis to bring together the expertise of the two parties resulting in good value for potential customers and also to sound and profitable business relations between the parties.

As a first concrete result of the Agreement, Terma and Saab have also signed a Contract for production of parts for Gripen. The production will start immediately at Terma’s facilities in Grenaa, Denmark. The contract value is approximately 10 MDKK. The negotiations were concluded in a very short span of time.

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