Saab Receives Development Order for the Gripen System

(July 1, 2009) -- Defence and security company Saab has received an order valued at approx. MSEK 350 from FMV (the Swedish Defence Materiel Administration) for development of the Gripen system.

The contract is part of Gripen's continuous development and upgrading work and is in line with the Armed Forces' long-term plan for Gripen. The order covers Gripen in Sweden, Hungary, the Czech Republic and Thailand.

The development is based on lessons that have been learned, for example, from use within squadrons and from participation in international exercises.

The work will be carried out at Saab in Linkoping, Jarfalla and Kista. The contract does not require any recruitment.

Source : Saab AB (OMX Stockholm: SAAB B) - click here for more information