Defense and security company Saab has received an order within the Airborne Early Warning and Control (AEW&C) segment. The order amounts to approx. SEK 1.1 billion. Deliveries will be made from 2016 until 2018.
The airborne early warning and control system (AEW&C) provides access to a detailed situational awareness that for example can be used for border surveillance, search and rescue operations and for tackling terrorism and organized crime.
The effectiveness of the underlying contract is subject to fulfillment of certain financial conditions.
The industry’s nature is such that due to circumstances concerning the product and customer, further information about the customer will not be announced.
Work will be undertaken within Saab’s business area Surveillance and business area Support and Services.
Saab also announced it has recently received an order from the Swedish Defense Material Administration (FMV) for the development and production of New Lightweight Torpedo system. The total order value amounts to approximately SEK1.53 billion and deliveries will take place during the period 2016-2024.
The order comes under the terms of the Letter of Intent (LoI) between Saab and FMV that was announced on June 9, 2014. The LoI supports the Swedish Armed Forces’ underwater capabilities for the period 2015-2024.This order connects to the previous orders from FMV announced in July 2014 and February 2015 for New Lightweight Torpedo.
Saab has over the years established a unique experience and expertise in developing underwater systems, for shallow waters and the types of environments that exists in the Baltic Sea, including adapted propulsion, communications and target seekers.
Saab is a longstanding supplier to FMV and has provided underwater solutions for weapon systems, sensors, autonomous and remotely operated underwater vehicles and mine hunting.
Saab serves the global market with world-leading products, services and solutions within military defense and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs.
