Danish Aerotech and Saab Conclude an Agreement Worth DKK 200 Million.STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden Sweden, Swed. Sverige, officially Kingdom of Sweden, constitutional monarchy (2005 est. pop. 9,002,000), 173,648 sq mi (449,750 sq km), N Europe, occupying the eastern part of the Scandinavian peninsula. -- 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 Denmark chooses to purchase Gripen aircraft. "Danish Aerotech has worked long and hard to ensure that a broad spectrum of Danish companies This is a list of major companies based in Denmark. Please note that the list is highly incomplete and does not have thousands of companies of different sizes. Links should only point to the Wikipedia article, and not to a web page URL. can become co-producers of Gripen. I am extremely pleased that this cooperation agreement enables us to take an important step towards cementing Saab's good intentions when it comes to involving Danish industry in the development and production of a Danish version of the fighter. Experience from the F-16 procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. shows that large purchases by Danish Defence create multiple orders and more workplaces for Danish companies throughout the aircraft's service life. With this agreement, Danish Aerotech has ensured that it will have access to the latest technology. We also expect the agreement to provide enough work to justify taking on 10-15 more employees," says SE[sup.1]ren E. Petersen, the Managing Director of Danish Aerotech. Manne Koerfer, the Marketing Director at Gripen International in Denmark, says: "Fulfilling obligations associated with industrial cooperation that follow in the wake of deliveries to Danish Defence is a top priority at Saab. Gripen is already operational in the Swedish, Czech and Hungarian air forces, and deliveries are underway to South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. . Saab has developed long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. collaborative partnerships with local companies in all these countries, and the transfer of technology that has taken place thanks to the Gripen programme brings numerous benefits in both the short and long term. I am sure that our cooperation agreement with Danish Aerotech will benefit both parties." Since the company was established in 1992, Danish Aerotech has been responsible for all maintenance on Danish Defence's Saab T-17 training aircraft. This new agreement is helping to cement cement, binding material used in construction and engineering, often called hydraulic cement, typically made by heating a mixture of limestone and clay until it almost fuses and then grinding it to a fine powder. the good relationship between two long-standing collaborative partners. Danish Aerotech A/S based at the Karup Air Base produces components for, among others, F-16 fighters and EH-101 helicopters and maintains aircraft, helicopters and weapons systems for NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. and the Danish Air Force, including T-17 training aircraft, Sidewinder/AMRAAM missiles and LANTIRN LANTIRN Low-Altitude Navigation & Targeting Infrared for Night targeting systems. Saab is one of the world's leading high-technology companies, with its main operations focusing on defence, aviation and space. The group covers a broad spectrum of competence and capabilities in systems integration. www.saabgroup.com This information was brought to you by Waymaker http://www.waymaker.net |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion