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Saab has signed a contract for the delivery of live training systems and services to the Dutch armed forces. The order comprises the supply of new equipment and functionality at 727 MSEK, with a 10-year support contract with an annual value of 66.9 MSEK. The total order over the ten year period is valued approximately 1.4 billion SEK. The contract also has an option for five years additional support following the initial 10-year period.
The U.S. Marine Corps Program Manager for Training Systems has awarded Saab the Force on Force Training Systems - Next (FoFTS-Next) Single Award Task Order Contract (SATOC). The contract has a potential value of USD 127.9 million.
The Saab Annual General Meeting 2021 resolved to authorise the Board of Directors to decide to repurchase the company’s own shares of series B in order to secure delivery of shares to participants in Saab’s long-term Share Matching Plan, Performance Share Plan and Special Projects Incentive. Saab announces that the Board of Directors today has decided to utilise its authorisation for this purpose.
Saab and Varjo Technologies work together to revolutionise flight simulators. The Finnish company Varjo has developed a human eye resolution mixed reality (XR) technology that will be integrated into all Saab Gripen E/F simulators. In addition to the highest resolution and widest field of view in the industry, the collaboration will also offer numerous new training opportunities at a fraction of the cost.
Saab has signed an agreement with FMV regarding full support for Helikopter 15. The agreement is valid from 1 January 2022 to 31 December 2026 with additional option years up to 31 December 2030. In conjunction with the agreement, an initial order valued at SEK 550 million will be registered.
Saab, in cooperation with the U.S. Army and Raytheon Missiles & Defense, has successfully demonstrated the new Guided Multipurpose Munition (GMM). The GMM System Capability Demonstration was a joint activity between Saab and Raytheon Missiles & Defense, funded under a U.S. Government Rapid Innovation Funding (RIF) effort awarded by the U.S. Army. This three-year contract effort culminated in a live firing demonstration in November 2020. RIF efforts are intended to support the development of promising technologies that address military capability to fulfill an operational or national need.
On 1 June, the new control centre for remote air traffic control starts operations at Stockholm Arlanda Airport. Saab Digital Air Traffic Solutions (SDATS) will equip three more Swedavia airports with the second generation of digital air traffic control towers by the end of 2022.
Saab is pleased to invite media, financial analysts and investors to a live-stream of the annual Gripen seminar 2021.
Saab has received an order from Panavia Aircraft GmbH to upgrade the radar warning equipment on the Tornado aircraft operated by the German Air Force. The order value is approximately 400 million SEK.
Carl-Johan Bergholm has been appointed as the new head of Saab´s Business Area Surveillance. Charlotta Björklund has been appointed as the new head of the function Operational Excellence. Carl-Johan and Charlotta will take up their positions on June 1st and July 1st respectively. They will both become members of Saab’s Group Management. The changes follow the changed organisation and Group Management that was communicated March 18th 2021.