April 3, 2014 defense-aerospace.com
(Source: Radio Sweden; published April 2, 2014)
The Government Stops Planned Submarine Deal
The government puts an end to previous plans to buy two submarines from the German-owned company Kockums, Swedish Television News reports.
In the spring budget the government intends to note that the conditions are not right for a deal with the company, which is owned by the German group ThyssenKrupp.
But the government still sees a need for two new submarines to be built and two existing submarines to be modernised. The Swedish Defence Materiel Administration has already ordered a preliminary study from Saab, on whether this company could do the job instead.
According to Swedish Television News, Saab has already been recruiting submarine engineers from Kockums, while ThyssenKrupp is offering them bonuses to try to get them to stay in the company.
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