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2014-07-02

Saab: Saab Receives Order from FMV for underwater weapon system

Defence and security company Saab has received an order from the
Swedish Defence Materiel Administration (FMV) regarding design plans
for a New Lightweight Torpedo (NLT). The order refers to the period
2014-2015 and amounts to the value of MSEK 43. The order is part of
the Letter of Intent regarding the Swedish armed forces' underwater
capability which was announced on June 9, 2014.

Saab has received an order from FMV regarding design plans for a New
Lightweight Torpedo. This is the first step in developing a new
lightweight torpedo. Final delivery of this order will be during
2015.

"We are very pleased and proud to have the continued confidence to
deliver torpedo weapon systems to FMV and the Swedish Navy in the
commencement of the work to deliver the replacement for Torpedo 45",
says Görgen Johansson, Senior Vice President and Head of business
area Saab Dynamics.

"Saab Dynamics has over the years established a unique experience and
expertise in developing underwater systems for shallow waters and the
types of environment that exist in the Baltic Sea. Many of our
systems are world leading in its segment, and with this order, we are
able to maintain our global leadership position and continue to
provide the market with competitive products", says Agneta Kammeby,
Vice President and Head of business unit Underwater Systems.

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.

For further information, please contact:

Saab Press Centre, +46 (0)734 180 018, presscentre@saabgroup.com

www.saabgroup.com

www.saabgroup.com/Twitter

www.saabgroup.com/YouTube

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http://news.cision.com/saab/r/saab-receives-order-from-fmv-for-underwate...
http://mb.cision.com/Main/183/9611629/263348.pdf

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