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SEK 500 million order from FMV for Saab

SEK 500 million order from FMV for Saab The Swedish Defence Materiel Administration (FMV) has placed an order for an integration system from Saab for new precision engagement weapons for Sweden's JAS 39 Gripen valued at SEK 500 million. The system will provide JAS 39 Gripen with the capability to deliver precision laser- guided weapons. The new weapons will be procured by FMV. The order also includes acquisition of weapon pylons of NATO type for deployment on the JAS 39 Gripen. This enhances Gripen's overall capability for interoperability for participation in international peace- keeping missions. The weapon pylons, which have been developed by Saab and BAE SYSTEMS, are to be manufactured by Denel in South Africa. This forms part of the industrial participation package from the sale of 28 Gripen aircraft to South Africa. The order is being placed with Industry Group JAS (IG JAS), and Saab Aerospace's share of the order amounts to SEK 477 million, Saab Avionics' amounts to SEK 19 million and AerotecTelub's to SEK 5 million. Saab is one of the world's leading high-technology companies, with its main operations focusing on defence, aviation and space. The group covers a broad spectrum of competence and capability in systems integration. For further information, please contact: Peter Larsson, Vice President Communications and Public Affairs, Saab Aerospace Phone: +46 70 989 71 09 +46 13 465 31 09 www.saab.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/05/20011005BIT00370/bit0002.doc http://www.waymaker.net/bitonline/2001/10/05/20011005BIT00370/bit0002.pdf