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Saab today announces the divestment of its Maritime Traffic Management (MTM) operation to funds advised by Agilitas Private Equity LLP (“Agilitas”) for an enterprise value of approximately 40 MEUR. MTM is a global provider of management solutions for vessel traffic, ports and terminals. Completion of the divestment is subject to certain conditions that need to be fulfilled before closing, expected to take place no later than March 2023.
Saab has today signed a contract with the Polish State Treasury Armament Agency for design, production and support of two ships for Signal Intelligence (SIGINT) for Poland. The total order value corresponds to approximately EUR 620 million with deliveries planned during 2027. The order is expected to be booked by Saab before year end.
Saab is showcasing its full range of interoperable, realistic training solutions at the global I/ITSEC event in Orlando, USA at the Orange County Convention Center between November 28 – December 1.
The U.S. Navy’s Shipboard Air Traffic Radar (SATR) AN/SPN-50(V)1 program which is currently in Low Rate Initial Production (LRIP) has awarded a modification for two additional Saab radar systems and associated installation support and spare parts. The modification value for the LRIP lot is approximately USD 30 million and was booked in Q3 2022, with the first radar system delivery scheduled for 2024. Radar manufacturing, delivery, test, and integration will take place at Saab’s Syracuse, New York facilities. These are the 6th and 7th systems delivered on the production contract.
Saab presents the results for January-September 2022.
Saab has signed a four-year contract with the Lithuanian Defence Materiel Agency, which will allow the customer to place orders for RBS 70 missiles until 2026. A first purchase within the new contract has also been placed, with an order value of SEK 350 million. Deliveries will take place 2023-2024.
Saab has received an order for deliveries of additional underwater vehicles called Double Eagle SAROV (Semi-Autonomous Remotely Operated Vehicle); these are to be used for safe disposing of sea mines. Deliveries of the Double Eagle systems are scheduled with those of new vessels to the Polish Navy during 2026-2027.
Saab has made the first deliveries of the new lightweight torpedo (Saab Lightweight Torpedo) to Sweden’s defence procurement agency FMV.
Saab’s CEO and President Micael Johansson and CFO and deputy CEO Christian Luiga will present Saab’s interim report for January-September 2022.
The Nomination Committee for Saab AB for the Annual General Meeting 2023 has now been appointed based on the shareholder structure on 31 August 2022.