LINKÖPING, Sweden--(BUSINESS WIRE)--Regulatory News:
Saab (STO:SAABB) Defence and security company Saab has received an additional order from the Brazilian Air Force for the upgrade program of the Erieye AEW&C Mission System in Brazil. The total order amounts to MSEK 325.
Through this upgrade Erieye’s operative capacity increases and forms part of the programme for modernising aircraft model Embraer 145 AEW&C, referred to as E-99 by the Brazilian air force. E-99 plays an important role in the control ofBrazil’s airspace and border surveillance and is, for example, used to prevent drugs smuggling and other illegal activities. Erieye will also be used to provide security for the major sporting events – including the 2016 Summer Olympic Games - that will take place inBrazil.
"The Brazilian Air Force’s Erieye system on the Embraer 145 has been in operational service for approximately ten years and with the new features now commissioned our Brazilian customer will get an even better system to control airspace and prevent criminal activities”, says Micael Johansson, Head of Saab’s business area Electronic Defence Systems.
This order was placed by the Brazilian Air Force’s ‘Comissão Coordenadora do Programa Aeronave de Combate’ (FAB COPAC) and Saab received an order from Embraer in late February within the same upgrade programme. Deliveries will take place from 2014 until 2017.
Saab’s Erieye AEW&C Mission System provides excellent surveillance capabilities and control over air and sea targets and has been well received on the market. The first system forBrazilon the Embraer 145 became operational in 2002. Erieye is also in operation on Embraer 145 inMexicoandGreece. The very first Erieye system was delivered in 1997 for aircraft model 340 for the Swedish Air Force. Customers of the Saab 340 system also includeThailandand the United Arab Emirate. Saab is also delivering Erieye toPakistan, installed on the Saab 2000 aircraft.
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 April 8 at 9.00 (CET).
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