Business Services Industry
Saab Training Systems AB and Serco GmbH & Co KG win EUR50m training centre contract
Nordic Business Report, Nov 20, 2003
NORDIC BUSINESS REPORT-20 November 2003-Saab Training Systems AB and Serco GmbH & Co KG win EUR50m training centre contract(C)1994-2003 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish defence and aerospace group Saab said on Wednesday (19 November) that its subsidiary, Saab Training Systems AB, had, together with German company Serco GmbH & Co KG, won a contract to run the German army's combat training centre GUZ.
Saab Training Systems' part of the contract covers training, technical operations, and support for all simulation equipment at the facility. Saab's share of the EUR50m contract amounts to EUR30m.
One Swedish krona (SEK) is worth approximately 0.08 British pounds (GBP).
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