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Saab receives order worth SEK 300 million from India

Saab receives order worth SEK 300 million from India The Saab-owned company FFV Ordnance AB has signed a contract with the Indian armed forces to upgrade their Carl-Gustaf anti-tank system. The contract is worth approximately SEK 300 million and covers both weapons and ammunition. "We are extremely pleased with this order, which shows that there is still confidence in the Carl-Gustaf system which was introduced into the Indian army back in 1974," says Sören Gindahl, MD of FFV Ordnance AB. Production will be carried out by Saab Bofors Dynamics in Karlskoga and Eskilstuna. The first deliveries will take place within eight months, and will then continue for roughly two years. 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 capabilities in systems integration. For further information, please contact: Anders Florenius, Director of Communications and Public Affairs, Saab Bofors Dynamics Phone: +46 586 81223, +46 70 58 23 230 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/2002/03/25/20020325BIT00670/wkr0001.doc http://www.waymaker.net/bitonline/2002/03/25/20020325BIT00670/wkr0002.pdf