|By Business Wire||
|October 8, 2013 04:50 AM EDT||
Defence and security company Saab (STO:SAABB) has signed a contract on deliveries of components for the Carl-Gustaf man-portable weapon system.
The order has a total value of SEK 434 million and comprises components for ammunition to the latest version of the Carl-Gustaf system, a modern ground support weapon system. The contract also includes an option for additional orders with a total value of SEK 114 million.
“Carl-Gustaf is a world leading system and a key component of armed forces throughout the world. With each new model the demand for the system increases in many strategic markets. The Carl-Gustaf system has been sold to over 40 countries,” says Görgen Johansson, Head of Saab’s business area Dynamics.
The Carl-Gustaf system is a highly modern Ground Support weapon system with a long and successful history. The system has successively been modernised and adapted to meet new requirements. With the latest version Carl-Gustaf M3, Saab offer state-of-the-art capability for customers demanding high operational reliability in all conflict situations.
Deliveries will take place during 2013 and 2014.
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.
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 October 8 at 10.30.
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