Business Services Industry
Saab AB wins virtual training system order from Swedish defence materiel administration
Nordic Business Report, Feb 26, 2008
NORDIC BUSINESS REPORT-26 February 2008-Saab AB wins virtual training system order from Swedish defence materiel administration(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish defence and aerospace group Saab AB said on Tuesday (26 February) that its subsidiary Saab Training Systems has, in partnership with the German company Krauss Maffei Wegmann, received an order for virtual anti-tank weapon training systems from the Swedish defence materiel administration FMV.
The contract, valued at over SEK100m, involves integrating Krauss Maffei Wegmann's virtual training system with Saab's anti-tank weapon RB57.
In addition to the development and delivery of 10 systems, the contract also covers support services.
Saab, headquartered in Stockholm, Sweden, is an international technology group with some 13,600 employees on six continents. The company is listed on the OMX Nordic Exchange in Stockholm.
One British pound (GBP) is worth approximately 12.34 Swedish kronor (SEK).
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