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Swedish Defence hardware surplus was sold to Saudi Arabia

Monday, 12 March 2012
The controversy surrounding the Soudis purchasing of Swedish arms continues with more press interrogation.
It has now emerged that many of the visual gun carriages and anti-tank missiles Saudi Arabia purchased from Saab in recent years came from the Swedish armed forces' arsenal, according to the Swedish business daily, Dagens Industry.

After the Swedish Armed Forces slimmed down its arsenal composition in the 2000s there was a large a surplus, which only cost the system more money in the form of maintenance.

Saab suggested that the company would buy back the weapons parts, which the State bought from Saab in one go, and then to sell to Saudi Arabia. This was granted, said sources to the paper.

For Saab, it was a good deal because the company did not have to produce a new vision or some of the gun carriages, but was able to buy back products at a relatively low price. They might have sold the product too to the Saudis at a great price thus racking in huge profits.
By Team

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