Saab Secures 2.9 Billion Kronor Order for Gripen E Equipment

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Saab Secures 2.9 Billion Kronor Order for Gripen E Equipment
Photo: Johan Nilsson/TT

The defence conglomerate Saab has received an order valued at approximately 2.9 billion kronor from the Defence Materiel Administration (FMV), Saab writes in a press release.

It is about an agreement on additional equipment for the production of the fighter aircraft Gripen E.

According to Saab, the agreement secures the introduction of Gripen E while the Gripen C/D fleet is still available during the next few decades.

Saab's share was already one of the winners on the Stockholm stock exchange when the news arrived. Immediately after the announcement, the Saab share is up 1.7 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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