LINKÖPING, Sweden--Regulatory News:
Defence and security company Saab (STO:SAABB) has signed a contract with the United Arab Emirates (UAE) to expand and enhance the Emirates’ airborne surveillance capabilities. Saab will deliver a new airborne Swing Role Surveillance System (SRSS) incorporating a new version of the Saab Erieye radar system. The order value amounts to approximately USD1.27 billion.
The new SRSS for the UAE uses the Global 6000 aircraft from Bombardier as a platform. The Swing Role Surveillance System is capable of simultaneous detection and tracking of multiple targets in the air, on land and at sea. It is the latest evolution of the Erieye system that incorporates Saab’s many decades of radar capabilities across all domains.
“The new version of Erieye is without a doubt the most capable airborne early warning and control system on the market. Saab’s capability to develop high technology solutions for customers shows that our focus on research and development is the right way to ensure continued competitiveness on the defence market,” says Håkan Buskhe, President and CEO of Saab.
"Saab understands the vital importance of advanced airborne surveillance and we have a family of products that play a key role in defence and civil security. The UAE’s selection of Saab’s solution confirms our strong position regarding airborne surveillance and systems integration,” says Micael Johansson, head of Saab Business Area Electronic Defence Systems.
The work will be carried out at Saab's facilities in Gothenburg, Linköping, Järfälla, Arboga and Luleå.
Saab serves the global market with world-leading products, services and solutions within military defence 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.
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 9 November 2015 at 10.45 (CET).
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