Key Developments: Saab AB (SAABb.ST)

SAABb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Saab AB and EDA sign framework agreement
Wednesday, 9 Jul 2014 08:00am EDT 

Saab AB and European Defence Agency:Signed framework agreement for potential orders of Carl-Gustaf ammunition to Estonia, Latvia, Lithuania, the Czech Republic and Poland.Agreement will last five years and includes possible renewal of two more years.Agreement includes potential orders of about MSEK 460.European Defence Agency (EDA) acts as central purchasing body, taking role in procurement procedure for Carl-Gustaf ammunition to Estonia, Latvia, Lithuania, the Czech Republic, and Poland.Agreement aims to co-ordinate purchase of Carl-Gustaf ammunition between several member countries to meet their demand due to commonalities in ammunition.  Full Article

Saab AB receives additional training contract for U.S. Army
Tuesday, 8 Jul 2014 09:30am EDT 

Saab AB:Receives $10.9 mln Training Systems order by U.S. Army for radio systems to improve communication capabilities during live training exercises.Saab Defense and Security USA (SDAS) has received additional order for Live Training Transformation Interim Range System (LT2-IRS) contract by U.S. Army Program Executive Office of Simulation, Training and Instrumentation (PEO STRI).Current contract is valued at 10.9 MUSD for ranges at Fort Lewis-McChord and Grafenwoeh.Under the LT2-IRS contract, SDAS is fielding communication network systems for a total value of up to 67 MUSD to enable soldiers to engage in instrumented force on force training at the home stations.The order value will be consolidated within the business area Security and Defence Solutions of Saab AB.  Full Article

Saab AB acquires ThyssenKrupp Marine Systems AB
Sunday, 29 Jun 2014 04:00pm EDT 

Saab AB:Says it has entered into an agreement with ThyssenKrupp Industrial Solutions AG regarding the acquisition of ThyssenKrupp Marine Systems AB (TKMS AB, formerly Kockums).Says the purchase price is 340 million Swedish crowns.Says this acquisition is in line with Saab’s ambition to increase its capabilities in the naval domain and strengthens Saab’s status as a supplier of military systems.  Full Article

Saab to provide maintenance support for Southern Queensland Correctional Centre
Thursday, 26 Jun 2014 08:00pm EDT 

Saab AB:To provide the planned and corrective maintenance and capital expenditure works for electronic security system for a 300 bed Southern Queensland Correctional Centre.Contract total value 166 million Swedish crowns.The contract will run for 14 years and will involve the Security and Defence Solutions operations in Adelaide, Australia.  Full Article

Saab AB still in talks on acquisition of ThyssenKrupp Marine Systems AB from ThyssenKrupp AG subsidiary
Thursday, 26 Jun 2014 03:40am EDT 

Saab AB:Says that in April ThyssenKrupp Industrial Solutions AG, a subsidiary of ThyssenKrupp AG, and Saab AB signed a non-binding Memorandum of Understanding concerning the sale of the Swedish shipyard ThyssenKrupp Marine Systems AB (formerly named Kockums) to Saab AB.The discussions are at a final stage but still ongoing.An agreement with ThyssenKrupp Industrial Solutions AG has not been signed.Further information will be announced when negotiations have ended and an agreement is signed.Saab has chosen to clarify the status of these discussions due to information published in the media.  Full Article

Saab AB and UK Ministry of Defence sign new contract
Thursday, 19 Jun 2014 03:23am EDT 

Saab AB:Saab and UK Ministry of Defence signs 3 year new contract for managed training service for British Army Overseas Training Exercises utilising Saab's DTES system.Order amounts to 200 Swedish Krona.  Full Article

Saab AB and Nexter Munition team up for Roquette NG
Wednesday, 18 Jun 2014 08:18am EDT 

Saab AB:Defence and security company Saab announces the signature of co-operation agreement with Nexter Munitions for the supply of the AT4 Disposable Shoulder-Launched Weapon System to the future French Roquette NG program.  Full Article

Saab signs cooperation agreement with NonLethal Technologies Inc
Tuesday, 17 Jun 2014 03:50am EDT 

Saab AB:Defence and security company Saab Bofors Dynamics Switzerland Ltd (SBDS) and US-based NonLethal Technologies Inc. (NLT) have signed long-term cooperation agreement.Whereby SBDS will market and sell the IronFistTMand Cobra40TMless-lethal weapon systems.Says including their 38-mm and 40-mm munitions, on an exclusive basis in the European market.Says SBDS is fully-owned company of Saab, located in Thun, Switzerland and organized within Saab`s Business area Dynamics.  Full Article

Saab AB signs contract with Ireland for RBS 70 upgrade
Wednesday, 11 Jun 2014 02:54am EDT 

Saab AB:Defence and security company Saab has signed a contract with Irish Defence Forces to provide upgrades to Ireland's RBS 70 air defence missile systems.Says order has a value of about 40 mln Swedish crown and includes deliveries of improved firing units, new simulators, night vision equipment and associated weapons support.Ireland has requested updates to its RBS 70 systems. This recently-signed contract provides for new operator training simulators, upgraded fire units to support the BORC night-capable sight and the latest Bolide missile, new external power supplies plus a four-year support agreement.Says Irish order underlines the continuous enhancement of RBS 70 system capabilities.Says deliveries will be made during 2015.  Full Article

Polish Navy choses Saab AB for Kormoran II MCMV
Tuesday, 10 Jun 2014 06:59am EDT 

Saab AB:Says that the Polish Navy has chosen the Double Eagle system for the Kormoran II MCMV.The Double Eagle concept uses a modular approach to provide flexible systems for MCM and Maritime Security.  Full Article

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