Saab AB Signs Agreement for Gripen E with FMV

Saab AB announced that it has signed an agreement with the Swedish Defense 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 placed on February 15, 2013 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. The agreement signed leads to an initial delivery of Gripen E to Sweden in 2018.