Saab AB and Germany’s ThyssenKrupp have signed a non-binding memorandum of understanding covering Saab’s purchase of ThyssenKrupp Marine Systems’ Swedish shipbuilding operations, formerly known as Kockums. Detailed and final terms are being negotiated. The move follows last month’s announcement by the Swedish government that Saab would carry out a study of undersea warfare options. It is the latest step in Sweden’s plan to revitalize its submarine industry ...
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