Saab receives underwater technology orders from FMV

Defence and security company Saab announced on June 9 that it has received orders

19th Jun 2014


Saab receives underwater technology orders from FMV

Defence and security company Saab announced on June 9 that it 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. 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.


Saab has received orders from FMV regarding construction and production plans for the next generation submarines and to conduct mid-life update of two Gotland-class submarines. This includes the completion of systems design and to perform detail construction. Delivery shall be made in 2014-2015. The work will be carried out in Sweden within Saab’s business area Security and Defence Solutions.


Saab and FMV have also signed a Letter of Intent regarding the Swedish armed forces’ underwater capability for the period 2015-2024. It comprises support, development, design and production of submarines and other underwater systems.


“Saab has substantial experience within the naval domain as supplier to warships and submarines around the world. With today’s orders and the Letter of Intent we take the next step towards becoming a full-service provider of submarines for Sweden. It strengthens our offer and our unique competence within systems integration,” says Gunilla Fransson, Head of business area Security and Defence Solutions, Saab.

 

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