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Monday, June 09, 2014

Saab receives orders from FMV and has signed a Letter of Intent regarding underwater systems

Gotland class SSKDefence and security company Saab has received orders from the Swedish Defence Materiel Administration (FMV) regarding construction and production plans for the next generation submarines and to conduct a mid-life update of two Gotland-class submarines.

The orders refer to the period 2014-2015 and the order value amounts to MSEK 467. In addition, the parties have signed a Letter of Intent regarding the Swedish armed forces’ underwater capability.

The Letter of Intent refers to the period 2015-2024 and includes potential orders of approximately SEK 11.2 billion.

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