News and Press Releases
Saab announces a new commercial licensing agreement with the Monterey Bay Aquarium Research Institute (MBARI) to bring their Long-Range Autonomous Underwater Vehicle (LRAUV) to the US market under the name Tethys. Saab will domestically produce and offer the Tethys vehicle for the oceanographic research, commercial, and defense markets.
Saab is pleased to announce Rob Murray as Chief Innovation Officer within the newly established Strategy Office of Saab, Inc.
The U.S. Department of Defense (DoD) has expanded a current framework agreement with Saab for AT4 systems and Carl-Gustaf® ammunition. A new order has also been signed valued at USD $104.9 million with deliveries during 2024-2026.
Saab announces the strategic acquisition of CrowdAI, accelerating the development and implementation of Artificial Intelligence (AI) / Machine Learning (ML) capabilities into Saab’s portfolio. The acquisition is part of Saab’s technology leadership in this new era for the defense industry.
Saab, Inc. has been awarded a research and development project from the Defense Advanced Research Projects Agency (DARPA) to modernize the stability and control of surface vessels. Partnering with Purdue University, this important project will enable system persistence in complex and dynamic environments that push them to operate outside of their planned conditions.
The Civil-Military Innovation Institute (CMI2), based in Morgantown, West Virginia, is marking the first year of a signed collaboration agreement with Saab, combining CMI2's capability to bridge the gaps in defense innovation and technology experimentation with Saab's expertise in advanced military training solutions. The alliance blends CMI2's focus on experimentation and training at its Adaptive Experimentation Facility in Fola, West Virginia, with Saab's focus on producing and implementing advanced military training systems to improve soldier and warfighter readiness.
Saab has been selected by the office of Naval research to develop next-wave Artificial Intelligence (AI) capabilities to increase battlespace situational awareness by automatically detecting and characterizing threats in complex environments. The contract was awarded on December 30, 2022 for USD 13.3 million. This work will take place in West Lafayette, Indiana in partnership with Purdue University, keeping Saab’s commitment to expand and grow in the Hoosier state.
Saab is pleased to announce Mary D. Petryszyn has been elected to the Board of Directors of Saab, Inc. Petryszyn recently retired as a Corporate Vice President at Northrop Grumman Corporation. She was the first President of their Defense Systems Sector, where she oversaw operational execution, financial performance, and strategy development across a broad defense capabilities portfolio to drive business growth in domestic and international markets.
Saab has received an order for the latest Carl-Gustaf® programmable high explosive round, HE 448, from the U.S Army. The order value is approximately USD 10 million, with deliveries during 2024. This order was booked in Q1 2023.
The U.S. Naval Undersea Warfare Center Division, Newport has awarded Saab the first production order for the Expendable Mobile Anti-Submarine Warfare Training Target (EMATT). This contract follows an award from September 30, 2022 to perform modernization and validation testing of the EMATT system. This production order has a value of approx. USD $9 million (100 million SEK), which was booked in Q1 2023. The overall EMATT con¬tract has a potential value of USD $173 million (1.79 BSEK) over a 10-year ordering period.