LINKÖPING, Sweden--(BUSINESS WIRE)--Regulatory News:
Defence and security company Saab (STO:SAABB) has received an order for the GIRAFFE AMB multi-mission radar system and related services from the U.S. Department of State. The order value is MUSD 23.7 (MSEK 155).
”Saab is proud that the U.S. Department of State has selected the Giraffe AMB to provide sense and warn capability to protect their deployed personnel from incoming threats and create superior situational awareness. We are looking forward to a continued long relationship with the U.S. Department of State, says Micael Johansson, Senior Vice President and Head of Saab’s business area Electronic Defence Systems.
The program will involve both Saab’s newly acquired subsidiary Saab Sensis located in Syracuse, New York, as well as Saab in Gothenburg, Sweden. Deliveries will take place during 2012 and 2013.
The Giraffe AMB is a world leading Multi-Mission Radar System that detects enemy threats from Rocket, Artillery and Mortar attacks while simultaneously conducting Air Surveillance.
The system is part of Saab’s continuously evolving radar program and provides unmatched performance for critical targets and proven reliability. Whether as a part of vital point protection or area air defence solutions, the Giraffe AMB has become the radar of choice for armed forces worldwide, including those of Sweden, France, Estonia,UK and Australia amongst others.
The combat proven Giraffe AMB, with its unique capabilities, has saved many lives during its service in different theatres around the world.
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 5 October at 11.00
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