Cooperation agreement

Citation

(2000), "Cooperation agreement", Aircraft Engineering and Aerospace Technology, Vol. 72 No. 2. https://doi.org/10.1108/aeat.2000.12772bab.033

Cooperation agreement

Cooperation agreement

Keywords: Saab, Patria Finavitec, Helicopters, Military, Partnering

The Swedish Saab AB (publ) and the Finnish Patria Finavitec Oy of Patria Group have signed a Memorandum of Understanding concerning co-operation in penetrating the system and training markets for military helicopters, initially in the Nordic countries and later on the European market.

The aim is, assumed positive market penetration, to establish a jointly owned entity to support helicopter suppliers and their end customers with competitive operations in the respective country for helicopter training and system work, especially continuous upgrades, mainly performed by new editions of software. The business concept is built on one joint resource responsible for joint system and training requirements with related training equipment and simulators, engineering rigs, configuration control, support of airworthiness etc. National resources could focus on the equipment with needs for daily access or national security.

Saab AB and Patria Finavitec Oy have complementary competencies and resources; both companies also have considerable experience in long-term business relations with the Defence Forces in the Nordic countries. Financial and technical synergies are foreseen between helicopter business and other core businesses of these two companies. The concept offers advantages such as fewer financial investments and other resources compared with similar facilities in each country.

The co-operation is considered to have development opportunities as regards helicopter purchase projects in the Nordic countries in the near future, such as the Nordic Standard Helicopter Program, NSHP. Saab AB and Patria Finavitec Oy are open to discuss with additional partners for the future development of the concept.