Defence and security company Saab has signed a contract within the Airborne Early Warning and Control (AEW&C) segment. The order value amounts to SEK1.35 billion. Deliveries will be made from 2017 until 2020. The order is expected to be booked by Saab within the coming 6 months.
The airborne early warning and control system (AEW&C) provides access to a detailed situational awareness that for example can be used for border surveillance, search and rescue operations and for tackling terrorism and organised crime.
The effectiveness of the contract is subject to the fulfilment of certain conditions, among others, financial conditions. All conditions are expected to be fulfilled within the coming 6 months.
The industry’s nature is such that due to circumstances concerning the product and customer, further information about the customer will not be announced.
Work will be undertaken within Saab’s business area Surveillance and business area Support and Services.
For further information, please contact:
Saab Press Centre
Ann Wolgers, Press Officer
+46 (0)734 180 018,
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Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers’ changing needs.
The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 15 May 2017 at 13.00 (CET).