Saab Secures SEK 2.6 Billion Contract for Third GlobalEye Aircraft with Swedish Defence

Saab Secures SEK 2.6 Billion Contract for Third GlobalEye Aircraft with Swedish Defence

(IN BRIEF) Saab has finalized a contract with the Swedish Defence Materiel Administration (FMV) for the delivery of a third GlobalEye airborne early warning and control aircraft, valued at approximately SEK 2.6 billion. This agreement, extending from 2024 to 2029, fulfills an option from a previous contract and underscores Saab’s commitment to enhancing Sweden’s defence capabilities with advanced multi-domain surveillance and early threat detection capabilities provided by the GlobalEye system.

(PRESS RELEASE) STOCKHOLM, 28-Jun-2024 — /EuropaWire/ — Saab has announced a significant contract signing with the Swedish Defence Materiel Administration (FMV) for the delivery of a third GlobalEye airborne early warning and control aircraft to Sweden. Valued at approximately SEK 2.6 billion, this contract spans from 2024 to 2029 and fulfills an option originally included in Saab’s agreement with FMV from June 2022, which also covered two initial GlobalEye aircraft with provisions for additional units. Known locally as the S 106, the GlobalEye platform enhances Sweden’s defence capabilities by offering comprehensive situational awareness and early warning capabilities across air, sea, and land domains.

Micael Johansson, President and CEO of Saab, emphasized the strategic importance of the GlobalEye system in bolstering Sweden’s defence posture. Equipped with advanced active and passive sensors, GlobalEye provides real-time data to air force, army, and navy units, enabling proactive threat detection and enhancing overall operational effectiveness in complex environments.

More about GlobalEye: www.saab.com/globaleye-presskit

Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 22,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable and world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.

The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 27 June 2024 at 14:00 (CET).

Media Contact:

Mattias Rådström
Head of Media Relations
+46 (0)734 180 018
presscentre@saabgroup.com

SOURCE: SAAB