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Saab offers high-tech jet production hub to India
by Staff Writers
New Delhi (AFP) Feb 11, 2017


Saab, Aalto University sign collaborative research deal
Linkoping, Sweden (UPI) Feb 10, 2017 - Saab and Finland's Aalto University have signed a 10-year collaborative agreement for research, especially in sensor technology.

The agreement, worth about $21 million, strengthens past collaborative efforts with the school, Saab said.

"For Aalto University, collaboration with Saab means a substantial injection of resources into the research in the field, and an opportunity to share expertise with Saab," Aalto University President Tuula Teeri said. "Thanks to the agreement, Aalto University will be able to expand and deepen its research efforts in the field while increasing multi-disciplinary cooperation and educating new professionals."

Saab reinvests 25 percent of its total revenue back into research and development and is especially interested in developing radio and signal processing technologies, which are among Aalto University's core strengths, the company said.

"With the collaboration with Aalto University, Saab will strengthen our cutting edge technological expertise in sensors and communications, said Hakan Buskhe, president and chief executive officer of Saab. "Our sensor technology is at the top of its class, and we want to remain continuously ahead of the field."

Swedish defence giant Saab has offered to build a state-of-the-art fighter jet factory in India should it seal a lucrative deal to supply hundreds of military jets to New Delhi.

Saab and its US competitor Lockheed Martin have emerged as the frontrunners to supply around 250 single-engine combat planes to India's air force which wants to revamp its Soviet-era military hardware.

The Saab proposal would see "the world's most modern" military aircraft factory roll out the Gripen E fighter not just for India but the global market.

"It is an unrivalled offer that will set new standards in aeronautical engineering excellence for decades to come, should India procure Gripen," Saab India chairman Jan Widerstrom said in a statement Friday.

The offer comes just days after Lockheed Martin indicated its plan to set up a production line in India for its iconic F-16 combat aircraft was subject to approval from the new administration under Donald Trump.

Saab's proposal also comes amid a push by Prime Minister Narendra Modi to reduce India's reliance on expensive defence imports while it seeks to bolster its military in the face of China's growing clout in the region.

Modi's government has raised the limit on foreign investment in the defence sector and encouraged tie-ups between foreign and local companies under a 'Make in India' campaign.

Saab said its proposal met the objectives of the world's largest defence importer.

"Saab is offering an industrial facility that will be the centre-of-gravity for the Made-in-India Gripen," said Widerstrom.

Last year India signed a contract to buy 36 Rafale twin-engine fighter jets for 7.9 billion euros ($8.8 billion) after major delays and obstacles over the cost and assembly of the planes in India.

abh/np/iw

SAAB AB

LOCKHEED MARTIN


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