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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData

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Saab AB receives orders from FMV and has signed letter of intent regarding underwater systems

Monday, 9 Jun 2014 02:27am EDT 

Saab AB:Says it receives 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.Says orders refer to period 2014-2015 and order value amounts to MSEK 467.Delivery shall be made in 2014-2015.Says work will be carried out in Sweden within Saab's business area Security and Defence Solutions.Saab and FMV have also signed letter of intent regarding the Swedish armed forces underwater capability for the period 2015-2024.Says it comprises support, development, design and production of submarines and other underwater systems.Letter of intent includes potential orders of about 11.2 bln Swedish crown, provided that necessary decisions are made. 

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0.8 +0.43%
29 Aug 2014