Frontier India Strategic and Defence - News, Analysis, Opinion

Written on August 18, 2008 – 9:36 pm | by Frontier India Strategic and Defence |

At its meeting held on 27 March 2008 the Hungarian Offset Committee, headed by the Hungarian Ministry of Economy and Transport, approved the final offset achievements submitted by the Saab/Gripen team. The remaining 2% of the offset obligation that was approved comprised the balance of the investment element of the offset contract. The total value of the Gripen offset delivered is 7419 million SEK (789 Million EURO’s).

“The Hungarian government is highly satisfied with Gripen International’s commitment in fulfilling the Gripen offset obligation. They have delivered according to the contract and ahead of time. We will continue discussions between ourselves and Gripen International on future collaboration for the mutual benefit of Hungary and Sweden, taking advantage of the momentum of the offset programme” says Dr.Sándor Szabó, Director General of Investment and Defence Coordination, Hungarian Ministry of National Development and Economy (legal successor of the Ministry of Economy and Transport).

“We have delivered our total Gripen offset obligation ahead of time to the Hungarian Ministry of Economy and Transport. We are extremely pleased with our results in Hungary and we look forward to our continued relationship with the Hungarian government” says Kaj Rosander, Programme Director, Gripen International.