Defence and security company Saab has secured a long-term framework agreement with the U.S. Army Program Executive Office of Simulation, Training and Instrumentation (PEO STRI). The framework agreement covers radio systems for communication (LT2-IRS) for live training with a potential total sum of approximately MSEK 260 (MUSD 41). An initial order of approximately MSEK 23,5 (MUSD 3.7) is already secured.
The framework agreement covers the production and fielding of seven radio based communication systems over the next three years. The first system will be delivered in November 2011 with an additional instrumentation system delivered every eight months to seven U.S. Army homestations worldwide. The framework agreement covers an initial one year term with options for two more years.
“The receipt of the contract showcases Saab’s capability, capacity and competence in the instrumentation and communication systems field,” says Lars Borgwing, President Saab Training USA.
Dan-Åke Enstedt, President of Saab North America continues, “We are very pleased to field Saab equipment for the U.S. Army under this contract and to continue providing equipment that will enhance our warfighters’ skills and capabilities. This contract is an excellent example of the technology advantage we bring to our customers.”
With locations across the U.S., Saab provides a broad range of products, services and solutions ranging from military defence to homeland security to customers in the U.S and Canada.
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.
For further information, please contact:
Saab Press Centre
+46 (0)734 180 018
Saab North America Media Contact:
Mr. John A. Belanger, V.P., Head of Communications, Saab North America, Inc.
Tel: +1 (703)406-7905
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 April 12 at 11.00.