Saab wins $45.3 million contract for Gripen system development

Defence and security company Saab has received an order valued at approx. MSEK 350($45.3 milion )from FMV (the Swedish Defence Material 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. Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.