Defence deal greenlights fighter jet upgrade
Published: 15 Feb 13 07:38 CET | Print version
Online: http://www.thelocal.se/46208/20130215/
Swedish defence company Saab has struck a 47 billion kronor ($7.4 billion) deal with the country's air force to develop the Jas Gripen E fighter jet, the same model marketed to Switzerland.
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"We're taking the next step, which also greatly increases our export potential for many years to come."
The agreement covers the period 2013-2026, but leaves the door open to terminate parts of the contract if the Swedish military's equipment wing (Försvarets materielverk, FMV) chooses to.
FMV has placed an initial order worth 2.5 billion kronor, reported the TT news agency. Several further orders are likely in 2013 and 2014.
If any terminations take place, Saab will have the right to certain compensatory payments.
In Sweden, Saab will modify about 60 existing Gripen C planes to convert them to be closer to the new E model.
"Our existing customers who operate the Gripen C or D will be able to benefit from the development work," Buskhe said.
Switzerland is still pondering its would-be purchase of 22 Gripen E fighter planes.
TT/The Local/at
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Second comment, even Sweden has top class products it is not very easy to sell them quick to Eastern countries, because of the political agreements and because of the lack of the advantages in return for a big deal. As romanian engineers we will think twice what are the benefits for such an investment, and the politicians will heard different than us. Grippen products need to be associated for sample with more open gates for romanian labour on your market and more strong investments creating jobs in Romania. After that we can talk about . We need to have solid incomes for the maintenance costs.