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Saab receives €20 Million order for RBS15 Mk3
The Swedish Defence and security company Saab has received an order from its German partner Diehl BGT for the Surface-to-Surface Missile RBS15 Mk3. The order value is SEK 168 million, ($25 million, €20 million) and includes options with a total value of SEK 83 million ($12.5 million, €10 million). Deliveries will take place during the period 2014 to 2016.
The German Navy – The Way Forward?
One of the largest fleets in NATO, the German Navy appears to have escaped most of the recent cuts imposed by the government’s austerity plan, since construction of the new vessels and upgrades for existing platforms seems to continue. However, the planned reduction of 60 percent in its defense budget could have negative effect in the future, if the government decides to press on with the cuts.