Regulatory News:
Defence and security company Saab (STO:SAABB) has received an order from
FMV (the Swedish Defence Materiel Administration) concerning development
of the existing Gripen fleet. The order value amounts to SEK 2 billion
for Saab, split over a period of four years.
The capability of the Swedish Air Force's Gripen C/D aircraft is
continuously subject to adjustment and upgrading in order that it can
operate and remain effective and advanced also in the future. The order
includes further adjustments for increased operational effect, like for
instance upgraded countermeasure and communication systems. The order
also includes other measures to further reduce the operating costs,
based on experience gathered from more than 130,000 flight hours.
Also included is integration of new weapons, and the existing radar is
gaining an increased range along with new functions. Improvements are
also being introduced to reduce the noise and emissions from test runs
during engine maintenance.
Work will mainly take place at Saab's plants in Linköping, Gothenburg,
Järfälla, Kista and Arboga.
The information is that which Saab AB is required to declare by the
Securities Business Act and/or the Financial instruments Trading Act.
The information was submitted for publication on 10 March at 08.10.
Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has
operations and employees on all continents and constantly develops,
adopts and improves new technology to meet customers’ changing needs.
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