Saab and ThyssenKrupp have agreed on the Swedish company’s purchase of ThyssenKrupp Marine Systems AB, the former Kockums ship and submarine builder based in Malmo. The 340 million kronor ($50 million) sale will create a new unit within Saab, charged initially with building and upgrading submarines for the Swedish navy. The sale follows several months of discussions precipitated by two events: TKMS’ decision to offer a submarine designed by its German unit, the Type 218SG, to ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "Saab Closes Deal To Buy TKMS Submarine Yard".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.