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 ...

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