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TMCNet:  Saab Training Systems Sells Combat Training Centers to Finnish Army

[March 10, 2014]

Saab Training Systems Sells Combat Training Centers to Finnish Army

LINKÖPING, Sweden --(Business Wire)--

Regulatory News:

SAAB AB (STO:SAABB):

Saab, Training & Simulation has received an order from the Finnish Defence Force on Combat Training Systems that will supply regiments. The order also includes support for seven years starting 2014. The value of the order amounts to approximately MSEK 360 million.

"The Finnish Defence Force has once again chosen Saab as its partner. The Finnish Army uses Saabs systems since more than ten years and has always been a competent user. This order strengthens our position as one of the world's leading suppliers of combat training centers," says Henrik Höjer, Vice President Training & Simulation, Saab.

The contract comprises the Finnish army with anti-tank simulators, vehicles simulators and systems for Military Operations in Urban Terrain (MOUT). The simulators include the new laser standard OSAG 2. The contract also includes Mid Life Upgrade of the finish combat training centre, KASI system. The new regimental system and the KASI sysem will be used together in a battalion exercises.


Saab's Combat Training Systems are an important part of the military training in USA, UK, Sweden, the Netherlands, Norway, Finland, Slovenia, and Italy.

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.

www.saabgroup.com

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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 March 10 at 11.45.

This information was brought to you by Cision http://news.cision.com


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