Saab Gets $50M for Gripen Future Development

Saab has received an order worth SEK 540 million (nearly $50 million) from the Swedish Defence Materiel Administration (FMV) to support future development of the Gripen system.

The order pertains to work during the 2024 business year.

The order from FMV is an extension of the existing contract and enables continued development of the Gripen system for the Swedish Armed Forces and other Gripen users around the world. The order includes operation and support of test aircraft and sophisticated equipment, such as rigs and simulators, which will be used when Saab develops new future capabilities for Gripen C/D and Gripen E, as well as for upgrades of existing systems.

The work will primarily be carried out at Saab’s facilities in Linköping, Gothenburg, Järfälla, and Arboga.