Saab receives order for coastal surveillance system in India
Defence and security company Saab has received an order from the Indian Maritime Authority, DGLL (Directorate General of Lighthouses and Lightships) for supply of a system for coastal surveillance for the entire Indian coast. The order is worth approximately 116 MSEK.
The system that DGLL ordered comprises sensors to be installed along the Indian coast and equipment for regional and national control centers. Users of the system apart from DGLL will be the Indian navy, Coast Guard and DG Shipping.
Saab will implement the project which includes installation, commissioning, training and support together with their Indian partner, Elcome Marine Services.
The project will start immediately and will be completed within 18 months.
Our opinion is that Saab with this strategic order, which contains future options, will be able to develop further business in India within the marine domain.
"Our systems for monitoring sea traffic have been installed on several of the coasts in the world and also along inland waterways in Europe and in China. With this order we are strengthening our position further," says Gunilla Fransson, head of Saab´s business area Security and Defense Solutions.
"It is equally satisfying that we now deepen and enhance our relation with India. This project along with the co-operations we already have makes India an important long term market for Saab."
Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.
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The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on November 24 at 15.45.