Saab Secures SEK 6.6 Billion Defense Systems Order from Western Government

Saab Secures SEK 6.6 Billion Defense Systems Order from Western Government

(IN BRIEF) Saab has secured a SEK 6.6 billion order from a Western government for advanced defense systems and equipment, with deliveries planned between 2027 and 2028. The order includes technologies from Saab’s Dynamics and Surveillance business areas, although further details remain confidential due to security reasons.

(PRESS RELEASE) STOCKHOLM, 24-Jul-2024 — /EuropaWire/ — Saab, a global leader in defense and security solutions, has announced the receipt of a significant order valued at approximately SEK 6.6 billion from the government of a Western country. The order encompasses various defense systems and equipment, with deliveries scheduled for 2027-2028.

Key Details of the Order

The order includes advanced systems and equipment from Saab’s Dynamics and Surveillance business areas. These divisions are known for their cutting-edge technologies and innovative solutions in the defense sector.

Dynamics and Surveillance:

• Dynamics: Specializes in advanced weaponry, including missile systems, torpedoes, and other high-precision defense technologies.
• Surveillance: Focuses on radar, sensors, and electronic warfare systems, providing critical situational awareness and defense capabilities.

Confidentiality Due to Security Interests

Given the sensitive nature of the defense industry and the national security interests involved, Saab has stated that no additional details regarding the specifics of the order or the identity of the customer will be disclosed.

Strategic Importance

This substantial order reinforces Saab’s position as a leading provider of advanced defense systems and underscores the trust placed in its technologies by governments worldwide.

Comments from Saab:

“Securing this order highlights the continued confidence in Saab’s cutting-edge defense solutions. Our Dynamics and Surveillance divisions are at the forefront of innovation, and we are committed to delivering these critical systems to support national security,” said a Saab spokesperson.

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 24 July 2024 at 09:20 (CET).

Media Contact:

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

SOURCE: SAAB