Saab Gets Training Systems Order From Denmark Valued at Up to $82 Million

By Dominic Chopping

STOCKHOLM--Saab AB said Monday it has signed a framework agreement with the Danish Defense Ministry to supply military-training systems in a deal valued at up to 550 million Danish kroner ($81.7 million).

The Swedish aerospace-and-defense company said that the deal extends over 15 years with an option for an additional five years, and that it enables the Danish armed forces to place orders for all necessary equipment for Saab's training products to establish a mobile training program.

The agreement also covers support, service, spare parts, repairs and training, the company said.

The agreement is aimed at enabling realistic exercises for the Danish army, Saab said.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

March 21, 2022 05:07 ET (09:07 GMT)

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