ADi News2013-02-15 08:53:29
Saab signs agreement for the next generation fighter aircraft Gripen E and receives development order
Defence and security company Saab has signed an agreement with the Swedish Defence Materiel Administration (FMV) for Gripen E. The agreement includes development and modification of Gripen E for Sweden during the period 2013-2026 and a possible order for new production of Gripen E from Switzerland. FMV has today placed an initial development order of SEK 2.5 billion for operations during 2013-2014. Remaining orders from Sweden are expected in 2013-2014. The total value of possible orders under the agreement amounts to a total of SEK 47.2 billion.
The Swedish Parliament, has with a broad majority, decided that Sweden will acquire Gripen E. The agreement signed leads to an initial delivery of Gripen E to Sweden in 2018.
The agreement with FMV includes several parts. The first part, ordered today, relates to development of Gripen E in 2013-2014 and is worth SEK 2.5 billion. The remaining parts of the agreement include orders as follows:
• Remaining development work for Gripen E to Sweden of SEK 10.6 billion - expected in the first quarter 2013.
• Modification of 60 Gripen C to Gripen E with first deliveries toSwedenin 2018 - expected in the fourth quarter 2013 at the latest.
• Mission-specific equipment and support and maintenance for Gripen E toSwedenwith initial deliveries in 2018 - expected in the fourth quarter 2014 at the latest.
• In Switzerland, a possible acquisition of 22 Gripen E is to be processed in the parliament. The agreement therefore includes provisions of delivery of 22 brand new Gripen E, and related equipment toSwitzerland, if Switzerland decides to acquire Gripen E.
All orders under the agreement, including a possible order from Switzerland via FMV, amounts to a total value of approximately SEK 47.2 billion and will be booked when each order is received.
The agreement includes rights for FMV - conditional to certain pre-requisites - to fully or partly make cancellations. If so, Saab has the right to compensation for costs already taken and costs for discontinuation. The agreement also includes sections regulating the conditions should Switzerland decide not to acquire Gripen E.
Defence and security company Saab has signed an agreement with the Swedish Defence Materiel Administration (FMV) for Gripen E. The agreement includes development and modification of Gripen E for Sweden during the period 2013-2026 and a possible order for new production of Gripen E from Switzerland. FMV has today placed an initial development order of SEK 2.5 billion for operations during 2013-2014. Remaining orders from Sweden are expected in 2013-2014. The total value of possible orders under the agreement amounts to a total of SEK 47.2 billion.
The Swedish Parliament, has with a broad majority, decided that Sweden will acquire Gripen E. The agreement signed leads to an initial delivery of Gripen E to Sweden in 2018.
The agreement with FMV includes several parts. The first part, ordered today, relates to development of Gripen E in 2013-2014 and is worth SEK 2.5 billion. The remaining parts of the agreement include orders as follows:
• Remaining development work for Gripen E to Sweden of SEK 10.6 billion - expected in the first quarter 2013.
• Modification of 60 Gripen C to Gripen E with first deliveries toSwedenin 2018 - expected in the fourth quarter 2013 at the latest.
• Mission-specific equipment and support and maintenance for Gripen E toSwedenwith initial deliveries in 2018 - expected in the fourth quarter 2014 at the latest.
• In Switzerland, a possible acquisition of 22 Gripen E is to be processed in the parliament. The agreement therefore includes provisions of delivery of 22 brand new Gripen E, and related equipment toSwitzerland, if Switzerland decides to acquire Gripen E.
All orders under the agreement, including a possible order from Switzerland via FMV, amounts to a total value of approximately SEK 47.2 billion and will be booked when each order is received.
The agreement includes rights for FMV - conditional to certain pre-requisites - to fully or partly make cancellations. If so, Saab has the right to compensation for costs already taken and costs for discontinuation. The agreement also includes sections regulating the conditions should Switzerland decide not to acquire Gripen E.
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