Our Bureau
02:48 PM, October 16, 2014
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Saab has received a $803 million order for Gripen E role equipment, along with support and maintenance equipment for Swedish defense forces, the company announced.

The order is part of Saab’s existing agreement with the Swedish Defense Materiel Administration (FMV) covering activity for the Gripen E from 2013 to 2026. Delivery will begin in 2016. This is the fourth order under the Gripen E agreement between Saab and FMV announced on 15 February 2013. Three earlier orders, linked to the development and production of Gripen E, were received during 2013. Work will be performed within the business areas Aeronautics, Electronic Defense Systems and Support & Services. “Work with Gripen E goes according to schedule and budget. This order represents another important step in Saab's commitment to deliver the next generation of the Gripen system to Sweden,” Lennart Sindahl, Senior Executive Vice President of Saab and Head of Saab's business area Aeronautics said. Gripen is unique in combining high technology and capabilities with cost efficiency. Gripen E has significant performance improvements, including a more powerful engine, longer range, more weapons, new AESA radar and more advanced avionics.

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