2 Deals Cover Mid-Life Upgrades, New Sub Purchases
July 01 2015
The Swedish Defense Materiel Administration (FMV) has awarded Saab a pair of contracts for submarine projects, reports the defense firm.
The deals, inked on Tuesday, cover the period from 2015 to 2024 and are worth a total of US$1 billion, according to a Saab release.
Under a US$913 million contract, Saab will build, test and deliver two new Type A26 submarines for the Swedish navy. Deliveries are scheduled to begin in 2022 and run through 2024.
The second deal, worth...
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