Regulatory News:
Saab (STO:SAABB) has been awarded a multi-year contract for the next
generation of laser-based training systems for U.S. Army’s armored
combat vehicles. The order value is $ 17.2 million.
The indefinite delivery/indefinite quantity (ID/IQ) contract consists of
this order and options that can be exercised over a time period of five
years with a potential value of $ 90 million.
Saab’s commercial off the shelf training system was selected after an
extensive week long field evaluation at the Arizona Yuma Proving Grounds
desert test site. The Combat Vehicle Tactical Engagement Simulation
System (CVTESS) is a soldier-friendly wireless training device that is
easily installed and maintained. CVTESS will provide a highly accurate
laser based replication of the combat vehicles’ weapons which will be
used initially on all variants of the M-1 Abram’s Tank and M-2 Bradley
Fighting Vehicles.
The first Saab laser based simulators for the Abram tanks and Bradley
Fighting Vehicles (BFV) were provided in 1988 for vehicle test bed
testing as the armored vehicle were introduced. Saab fielded and
continue to support the precision gunnery simulators for these vehicles
with over 3,000 systems fielded since 1995. The new Combat Vehicle
Tactical Engagement Simulator System (CVTESS) will replace most of these
simulators still being used after fifteen years.
Saab Training USA, based in Orlando, FL, has supported the U.S. Armed
Forces and Homeland Defense with range systems and military training
products for more than thirty years. Lars Borgwing, President of Saab
Training USA, said this new generation of simulators are designed to
connect seamlessly with the modern instrumented training sites.
“We are currently fielding instrumentation systems at the Army
homestations,” Lars Borgwing said. “This system will enhance the
training realism for the mounted soldiers immediately as the Army makes
the shift into Unified Land Operations while supporting the Army Force
Generation Model (ARFORGEN) as troops return from current combat
operations.”
Saab North America provides a broad range of products, services and
solutions ranging from military defence to homeland security to
customers in the U.S. and Canada.
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.
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 February 1 at 10:00 CET.
This information was brought to you by Cision http://www.cisionwire.com
