LINKÖPING, Sweden--(BUSINESS WIRE)--Regulatory News:
Defence and security company Saab and the Brazilian Ministry of Defence, through the Aeronautics Command (COMAER), have signed a contract for Gripen NG weapon acquisition. The total order value is approximately USD 245 million. The order is expected to be booked by Saab during the second half of 2015.
The weapon acquisition contract includes weapon deliveries by Saab and suppliers which have been selected by the customer, for the Brazilian Gripen aircraft. The weapon deliveries will be made in relation to deliveries of the Gripen NG aircraft to the Brazilian Air Force.
The contract supplements the existing contract with Brazil concerning development and production of 36 Gripen NG, which was announced on 27 October 2014.
The effectiveness of the weapon acquisition contract is subject to fulfillment of certain conditions. These include, among others, necessary export control-related authorisations. All conditions are expected to be fulfilled during the second half of 2015.
Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab 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 24 April 2015 at 07.45 (CET).
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