Saab signs Helicopter 15 contract with FMV

Swedish aerospace and defence company Saab has signed a new contract with the Swedish Defence Materiel Administration (FMV) regarding support and maintenanceof Helicopter 15, also known as Agusta 109 LUHS, operated by the Swedish Armed Forces.

The contract, including options, has a potential order value of around SEK900m (£90m) over 10 years.

As part of the agreement, a first order intake of SEK350m has been registered.

The contract extends over a period of six years beginning in 2012, with the option for an additional two years and thereafter another two years.