Article Posted on : - Jun 20, 2014

STOCKHOLM (BNS): Swedish Defence and Security Company Saab and Turkey's Roketsan have signed a Memorandum of Understanding (MoU) covering future collaboration on Anti-tank Missile Systems.

The MoU was signed at the Eurosatory 2014 exhibition in Paris by Gorgen Johansson, head of Saab's Business Area Dynamics and Roketsan President & CEO, Selcuk Yasar.

Under the terms of the agreement, the two companies will work together to develop a new system to fill the gap in the short to medium range Anti-tank missile market.

"We see a great potential in a future cooperation with Roketsan in the anti-tank market and look forward to further exploring the possibilities together in this partnership," said Gorgen Johansson.

Selcuk Yasar also said, "We look forward to explore a new system to leads us to Global Market together with Saab. In this manner, investigating cooperation opportunities including the marketing of our weapon systems will be our main converging driving force. We hope the result of this initiative will lead to broader business cooperation in the future between the two companies."