The contract -- including options -- has a potential order value of about $148.2 million over 10 years.
Saab said the contract is for six years beginning in 2012 with an option for an additional two years and thereafter another two years.
The contract includes support and maintenance of all 20 helicopters, including materiel and technical personnel; base staff in the form of management, planning and administration; logistics and materials; and on-call services by additional technical personnel.
"With this contract, we are consolidating our previous long-standing and strong cooperation with the Swedish Defense Materiel Administration and the Swedish armed forces regarding their helicopter operations," said Lars-Erik Wige, head of Saab's Support and Services business area. "For Saab, this strengthens our core business."
Helicopter 15 operates from two bases in Sweden, Linkoping and Ronneby.
Notable deaths of 2014 [PHOTOS]