|SAAB Press Release|
Saab comments on Swedish government's investments in Gripen
Defence and security company Saab welcomes the Swedish government's announcement that it has reached an agreement with Switzerland about the procurement of the next-generation Gripen. Furthermore, it suggests that Sweden acquires 40-60 planes of the next-generation Gripen.
The Swedish government informs the public about this in a press release on its Web site, www.regeringen.se.
This is an important step in the development of the future Swedish defence. Gripen is a modern fighter jet system, which, through the use of the latest technology, can operate in advanced combat and recon missions.Gripen is designed to meet demands from existing and future threats, as well as to keep low operational costs compared to its competitors.
The announcement by the Swedish government is a preview of what the budget proposition, presented on 20 September, will contain. Later this year, the proposal will be negotiated in the Swedish Parliament.
Saab has presented the government with a tender for the next-generation Gripen. There is not yet an agreement, but Saab looks forward to the discussions, which will lead to a deal and an order for Gripen.
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.
The information is that which Saab AB may be required to declare by the Securities Business Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 24 August at 08:30 CET.
Issued by: Saab, Johannesburg - 2012-08-25 00:00:00