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Defense and security firm SAAB opens Bucharest office, targets Navy and civil marine contracts

SAAB, the largest Swedish company and one of the largest companies in the military industry in Europe, has opened an office in Romania, business-review.eu informs.

The move comes in the context of the Defense Minsitry aiming to launch several endowment projects for the Navy Forces, and the representatives of the Swedish companies have said that they are interested in taking part in the construction or upgrade of equipment.

SAAB, one of the few submarine constructors, might also participate in a contract through which Romania could buy submarines, according to the latest statements by the Defense minister.

The company is a military equipment supplier for several armies globally, including the German, American armies or various force structures in European countries like the Czech Republic, Hungary, Poland or Croatia.

SAAB officials have stated at an event organised by the Swedish Embassy in Bucharest that they hope to cooperate with the Romanian Army in the navy, terrestrial and air forces.

According to the list of priority projects for military endowment, approved by the parliament in 2017, the navy forces programs reach an estimated value of EUR 1.8 billion, which include plans for the purchase of a multifunctional corvette (EUR 1.6 billion) and the upgrade of anti-ship missile launching system (EUR 0.2 billion).