Saab receives order from the Swedish Defence Material Administration for further development of reconnaissance system for Gripen
3/31/2010 11:10 AM EST
Defence and security company Saab has received an order from the Swedish Defence Material Administration for upgrade and further development of the reconnaissance system in Gripen. The order is worth approximately MSEK 400, distributed over a four-year period.
The order entails development of night capacity and an improved user interface for the reconnaissance pod on Gripen. The reconnaissance pod provides the Gripen with a photo-reconnaissance function and is a significant component of Gripen's overall reconnaissance capacity. The system is modular and has considerable potential for further development.
"Saab's expertise in sensors and image processing is world-class and we are looking forward to working with the Swedish Defence Material Administration and the Swedish Armed Forces to further improve Gripen's reconnaissance capabilities," says Micael Johansson, head of Saab's Electronic Defence Systems business area.
The order primarily concerns Saab's operations in Stockholm and Linköping.
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 31 at 17.10.