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  1. MarketData
November 7, 2011

Saab to maintain Swedish Gripen system

Saab has recieved a contract from the Swedish Defence Materiel Administration (FMV) to provide Gripen system maintenance and development studies.

Saab has recieved a contract from the Swedish Defence Materiel Administration (FMV) to provide Gripen system maintenance and development studies.

Under the SEK261m ($41m) contract, the company will provide maintenance and updates for the Gripen C/D fighter jet and will implement studies for further development.

The company will also provide technical support, product maintenance, flight testing and flight simulator operation to maintain the operational capability of the Gripen system.

Work on the contract will run through 2011.

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