Saab receives order from FMV for Gripen support and maintenance

Defence and security company Saab has received an order from the Swedish Defence Materiel Administration (FMV) for reserve materiel regarding Gripen for the years 2014–2016. The order's total value amounts to approximately MSEK 184.

This order for the three-year period provides options for placing suborders and has been configured within the framework of the previously signed agreement with FMV, Gripen PBL (Performance Based Logistics), which encompasses performance-based support and maintenance for Gripen.

“That FMV has ordered performance-based support and maintenance this far in advance gives both Saab and FMV the capability to assure effective operations until 2017,” says Stefan Rösliden, responsible for order configuration at Saab.

The order applies to expanded supply of reserve materiel for maintenance conducted by units of the Swedish Armed Forces.

The original contract with FMV includes options for additional suborders up to a maximum value of SEK 2 billion for the period ending in December 2016. With this order, a total of MSEK 514 of the available options have been exercised.

Source: Saab AB (OMX Stockholm: SAAB B)
Date: Jul 3, 2013