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Saab AB wins weapon system components orders for SEK296m

Nordic Business Report, Oct 22, 2008

NORDIC BUSINESS REPORT-22 October 2008-Saab AB wins weapon system components orders for SEK296m(C)1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish defence and aerospace group Saab AB (OMX Stockholm:SAAB B) said on Tuesday (21 October) that it has won two weapon system components orders worth a total of SEK296m.

The orders, which are a continuation of a previously signed cooperation agreement with an unnamed customer, cover components for the multi-purpose weapon system Carl-Gustaf.

The two orders are worth SEK116m and SEK180m, respectively.

Saab, headquartered in Stockholm, Sweden, is a global high-tech group providing products, services and solutions from military defence to civil security. The group has 13,700 employees worldwide and annual sales of SEK23bn.

One British pound (GBP) is worth approximately 12.79 Swedish kronor (SEK).

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