|[December 13, 2013]
Saab Signs Contract with Airbus for A350-1000 Flap Support Structures
LINKÖPING, Sweden --(Business Wire)--
Defence and security company Saab (STO:SAABB) has signed a contract with
Airbus to become a supplier for the A350-1000 during the life of the
programme. The agreement covers design, development and manufacturing of
the flap support structures for the A350-1000. Saab is the single-source
supplier for these components. The deal has an initial order value of
approximately SEK 1, 1 billion (approx USD 150 million) based on the
current A350-1000 order backlog.
This is Saab's first system win on the new Airbus aircraft and gives
Saab a key role on this fast-growing aviation programme.
"This marks a break-through on yet another Airbus platform confirming
our expertise and competitiveness as a global actor on the commercial
aviation market. With this contract we further cement Saab as an
important and long-term partner to Airbus and we look forward to working
with Airbus on the game-changing A350-1000 programme," says Lars Jenen,
head of Saab's business unit Aerostructures.
Flap support structures link the landing flaps to the wing trailing-edge
structure and allow the deployment of the flaps during the take-off and
Saab is responsible for the design, development, stress analysis and
manufacture of the flap support structures as well as the development
and procurement of production tools. The work package comprises both
metallic and composites content with a high degree of complex assembly
included. The development and production will take place at the Saab
Aerostructures facility in Linköping, Sweden. First delivery is
scheduled for 2015.
At Saab about 500 employees work with the development and production of
complex airframe assemblies for the world's leading aircraft
manufacturers, including Airbus and Boeing (News - Alert). In addition to the flap
support structures for the A350-1000 Saab supplies the mid and outer
wing leading-edge for the Airbus A380 plus ailerons and doors for other
Airbus and Boeing aircraft.
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 December 13 at 08.30.
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