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Article: Danish Aerotech and Saab Conclude an Agreement Worth DKK 200 Million.
- Article from:
- Business Wire
- Article date:
- November 1, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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STOCKHOLM, Sweden -- Danish Aerotech A/S and Saab AB have just concluded a cooperation agreement that ensures orders for Danish Aerotech worth up to 200 million Danish kroner, provided Denmark decides to purchase the Gripen fighter as a replacement for its current F-16 fighters. Danish Aerotech is expecting to supply Saab with mechanical, electrical and electronic components as part of the new cooperation agreement.
The Danish government is expected to reach a decision by 2008 on which fighter will replace Denmark's F-16 programme in a few years' time. The agreement with Danish Aerotech is part of a major industry and development package being offered by Saab if ...