Saab contract for Surveillance System to Pakistan becomes effective
Saab signed a contract in October 2005 to supply an airborne Surveillance System for Pakistan to the value of 8,3 billion SEK. The last outstanding conditions have now been finalized and the contract becomes effective immediately.
“This is a very important order for Saab and it confirms our strong position in the world regarding airborne surveillance systems. We look forward to working with our customer in Pakistan”, says Saab CEO Åke Svensson, This surveillance system will, together with existing ground based radars, provide border security and contribute to the monitoring of natural disasters and consequent search and rescue operations. The airborne surveillance system includes Saab 2000 turboprop aircraft equipped with Ericsson Microwave Systems airborne radar system ERIEYE™. Two third of the order value is for Saab and one third for Ericsson Microwave Systems, which is, after the Saab acquisition, expected to be a part of Saab in September this year. This means that Saab will book this order in second quarter of 2006. For further information please contact: Helena Stålnert, Group Senior Vice President, Corporate Communications, Saab Phone. +46 8 463 01 81, Mobile +46 734 18 71 81, firstname.lastname@example.org www.saabgroup.com