LINKOPING, Sweden, May 22 (UPI) -- Advanced aerial target services will continue to be provided to Sweden's armed forces by Saab through a new contract announced Wednesday.
Saab said the award was issued by the Swedish Defense Materiel Administration and carries a value more than $45.6 million. Its period of performance runs from this year to 2020.
"We have won this new contract in the face of tough international competition, providing clear evidence of Saab´s ability to deliver high quality services," said Lars-Erik Wige, head of Saab's Support and Services business area. "Our close collaboration in this field goes back many years and the agreement is of major significance for our operations in Nykoping."
Nykoping is close to the city of Arno, Sweden, and considered part of it. Saab has conducted aerial target operations there since the 1980s.
Under the contract, Saab will continue supplying aerial target services with aircraft especially equipped for the various types of exercises required by the Swedish military. Saab will mainly be engaged in electronic warfare and target towing operations. It will also maintain aircraft used in the targeting operations.
Additional details were not provided.