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Friday, May 01, 2015

Saab says close to finalising Swedish submarine deals

A26 class SSKSweden's Saab expects to receive a firm production contract from the government for a new generation of submarines within months and is finalising negotiations for the mid-life upgrade of the Gotland class, executives said on Thursday.

Sweden agreed last month to order two new A26 subs from Saab , which last year bought the marine defence unit of ThyssenKrupp and renamed it Saab Kockums.

"We are negotiating now on A26, I would expect something in a matter of months," Gunilla Fransson, head of security and defence solutions at the Swedish defence firm, said.

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