Saab Receives Order from Thailand for Upgrading the Combat Management Systems on two Frigates
Defence and security company Saab has received an order from the Royal Thai Navy for the upgrading of the Combat Systems on the frigates H.T.M.S. Naresuan and H.T.M.S Taksin. The order amounts to Baht 2520 million (approximately SEK 550 million).
The contract is a continuation of an on-going program contracted to Saab by the Royal Thai Navy in 2011. The contract adds additional sights and communications equipment to complete the combat suite on the two frigates.
“Saab will further strengthen its position as supplier to the Royal Thai Navy through the upgrade of the Combat System on the frigates H.T.M.S. Naresuan and H.T.M.S Taksin. Saab is now on the Navy's three major vessels and with data links to the Royal Thai Air Force's Gripen and Erieye, capabilities and resources can be used more efficiently,” says Gunilla Fransson, Head of Saab’s Business Area Security and Defence Solutions.
Saab is the main contractor to the Royal Thai Navy, and the order, apart from containing supply of Saab’s systems, also covers delivery of third party systems as well as responsibility for integration of all existing and new systems.
The contract will run between 2012 and 2015.
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 September 26 at 13.30 (CET).