Saab receives order for next-gen submarines

Article Posted on : - Jun 10, 2014

STOCKHOLM (BNS): Swedish Defence and Security Company Saab has received orders for construction and production of next generation submarines and to conduct a mid-life update of two Gotland-class submarines.

The contract from the Defence Materiel Administration (FMV) includes the completion of systems design and to perform detail construction. The total order value amounts to MSEK 467.

The delivery is expected to be made in 2014-2015, Saab said.

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.

Other Related News

Defence Ministry signs contract worth over Rs. 2,890 cr with HAL for Mid Life Upgrade of 25 Dornier Aircraft of Indian Navy

MoD inks contracts worth Rs 8073 cr with HAL to procure 34 advanced light helicopters

Infantry combat vehicle upgrades: Govt inks deal with AVNL

MQ9 B drone sales to India enters next step as Congressional notification completes 30 days

The sale of 31 MQ9-B SkyGuardian Drones to India is expected to be fast-tracked now that the major hurdle of mandatory 30 days of Congressional notification is likely to pass without any objection from the lawmakers on Sunday, but for the routine procedural matters posed by the upcoming general elections.