Saab receives FMV order to extend Gripen lease in the Czech Republic

Defence and security company Saab has received an order from the Swedish Defence Materiel Administration (FMV) for the extended lease of Gripen from Sweden to the Czech Republic. This agreement provides for the continuing support and upgrade of the Czech aircraft for a further 12 years. The order is valued at approx. SEK 576m. Gripen has been in service with the Czech Republic since 2005. In May 2014 a new agreement between Sweden and the Czech Republic extended this partnership for a further 12 years. As a result, the Czech Republic will continue to operate 14 Gripen C/D aircraft until at least 2027. Under the terms of this government-to-government agreement Saab acts as a supplier to FMV, which in turn provides the aircraft to the Czech Republic.