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Saturday, February 16, 2013

Saab signs agreement for the next generation fighter aircraft Gripen E and receives development order

Gripen E/F |Defence and security company Saab has signed an agreement with the Swedish Defence Materiel Administration (FMV) for Gripen E.

The agreement includes development and modification of Gripen E for Sweden during the period 2013-2026 and a possible order for new production of Gripen E from Switzerland.

FMV has today placed an initial development order of SEK 2.5 billion for operations during 2013-2014. Remaining orders from Sweden are expected in 2013-2014. The total value of possible orders under the agreement amounts to a total of SEK 47.2 billion.

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