Wednesday, 6 September 2017

Saab Hoping for Submarine Sales Spike in Asia Amid North Korean Crisis


16:30 05.09.2017 (updated 16:40 05.09.2017)

After experiencing a number of setbacks on the European market, Sweden's major arms producer Saab is pinning its hopes upon the Asian market amid mounting political tensions in the region. Saab's main trump card is the next generation A26 submarine, which previously failed to draw buyers' attention in Europe.

The rise of political tensions in Asia is believed to be whetting some countries' appetite for military hardware and possibly trigger an arms race in the region. Sweden's Saab is looking forward to enticing Asian countries building up their defense with the A26, the next generation submarine currently manufactured in Karlskrona.

Saab's executives refer mostly to North Korean missile tests. However, many Asian nations, most notably China and India have expressed their desire to build up their Armed Forces on land and at sea. Earlier this year, Singapore's Defense Ministry projected the number of submarines in the region to increase from 200 to 250 within only eight years. For Saab, one of Europe's leading submarine producers, this sounds like a golden opportunity……Read rest of article: HERE

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