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TMCNet:  Saab: Comment on Statement Regarding the Swedish Stand on the Underwater Domain from the the Minister for Defence

[March 26, 2014]

Saab: Comment on Statement Regarding the Swedish Stand on the Underwater Domain from the the Minister for Defence

LINKÖPING, Sweden --(Business Wire)--

Regulatory News:

Defence and security company Saab (STO:SAABB) is currently working on the order from the Swedish Defence Materiel Administration (FMV) regarding a study on a consolidated underwater strategy. Commenting the article by Karin Enström, Swedish Minister for Defence, in the Swedish business daily Dagens Industri, Saab would like to clarify that no further order has been placed.

As previously announced, defence and security company Saab, received a contract from FMV at the end of February 2014. The order was to conduct a study on a consolidated underwater strategy. This study is now being carried out within the business area Security and Defence Solutions.

It is with interest Saab notes the article in Dagens Industri from the Minister for Defence. Being one of the leading companies in the naval domain in Sweden, Saab has extensive experience in several of the areas mentioned in the article.


Up to this date, Saab has not received any further order in the under water domain from FMV.

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 may be required to declare by the Securities Business Act. The information was submitted for publication on March 26 at 8.45 CET.

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


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