Gripen partnership projects in Hungary exceed SEK 7189m
- the latest developments regarding the performance of the Gripen offset programme are approved by the Hungarian Ministry of Economy and Transport
12/10/2007 | At its meeting held on 9 November 2007 the Hungarian Offset Committee, headed by the Hungarian Ministry of Economy and Transport, approved further offset achievements on the basis of the investment and export documents submitted by the Gripen office in Budapest. The total value of the achievements accepted on this occasion is SEK 251m (EUR 27.1m), of which SEK 12 million (EUR 1.3m) cover investments and SEK 239 million (EUR 25.8m) represent exports.The total offset obligation performed by Gripen International in Hungary has now reached a total of 98%. The remaining 2% of the offset obligation comprises the balance of the investment element of the offset contract.
The Hungarian government highly appreciates the excellent performance of the Gripen team in achieving its offset obligations. The acquisition of Gripen has undoubtedly generated industrial capability and economic benefits which have exceeded the Hungarian government’s requirements - . says Dr. Szabó Sándor , Head of offset section ,Hungarian Ministry of Economy and Transport.
- We are pleased to announce that we have full filled our total export obligations to the Hungarian Ministry of Economy and Transport according to the Gripen Industrial Cooperation contract. says Kaj Rosander , Programme Director, Gripen International
-Our offset partnerships have offered substantial long term business for Hungary and we are confident that these partnerships will continue to generate real long term benefits for both Hungary and Sweden in the future.
Gripen is the first of the new generation, true multi-role combat aircraft to enter service. Using the latest available technology it is capable of performing an extensive range of air-to-air and air-to-surface operational missions and employing the latest weapons. Gripen is designed to meet the demands of current and future threats, while at the same time meeting strict requirements for flight safety, reliability, training efficiency and low operating costs. Gripen is in service with the Swedish, Hungarian and Czech Republic Air Forces and has also been ordered by the South African Air Force. The UK Empire Test Pilots’ School (ETPS) is operating Gripen as its advanced fast jet platform for test pilots worldwide.
Hungarian background: Ever since the early 1990s, when Saab AB (and later Gripen International) began promoting Gripen to the Government of Hungary, offset and industrial co-operation have been important items on the agenda. When the first contract between Hungary (MoD) and Sweden (FMV) was signed in 2001, covering the lease of 14 Gripen aircraft, an associated Offset Agreement was concluded between Gripen International and the Government of Hungary, under which Gripen International assumed a commitment to
undertake certain activities to offset the aircraft contract. Through the offset program,Gripen International is dedicated to stimulating employment and economic growth, generating investments, export growth and building sustainable business in Hungary.
Gripen International is a subsidiary of Saab AB and acts as a prime contracting organization, responsible for marketing, selling and supporting the Gripen fighter worldwide. Gripen International combines the strength of its international industrial partners, which are among the world's most experienced and respected manufacturers of aerospace and defence equipment.
Saab is one of the world’s leading high-technology companies, with its main operations focusing on defence, aviation and space. The group covers a broad spectrum of competence and capabilities in systems integration.
Photographs and illustrations:
A selection of the very latest illustrations and photographs of Gripen are available to download from our website www.gripen.com. Go to ‘Gripen Image Base’, New Photos
For further information, please contact
Anne Lewis- Olsson – Communications Director Hungary, Gripen International
Tel: +46 13 18 1355
Mobile: +46 734 181355
email: anne.olsson@gripen.com
Website: www.gripen.com
Bernadette Nagy – MMD Corporate, Public affairs &Public Relations Consultants
Tel: +36 1 266 78 33
email: bernadett.nagy@mmdcee.com