SHARE
COPY LINK

AIRCRAFT

Saab wins billion kronor defence system order

Sweden defence firm Saab has received an order for an airborne surveillance system worth in excess of 4.5 billion kronor ($669 million).

Saab wins billion kronor defence system order

The order concerns delivery of the Saab 2000 Airborne Early Warning & Control system, which comprises of a Saab 2000 aircraft equipped with the advanced ERIEYE radar system, according to a company statement on Monday.

“This contract can be seen as a further confirmation of our strong position in the world regarding not only the area of airborne surveillance but in systems integration and data fusion as well,” said Saab CEO Håkan Buskhe.

The contract also includes ground equipment as well as logistics and support services which together can be used in connection with, for example, border surveillance, rescue operations as well as in combating terrorism and organised crime, Saab explained in its statement.

Saab’s ERIEYE system has been bought by the Swedish Air Force, Thailand and the United Arab Emirates in the Saab 340 aircraft.

The system has also been sold to Brazil, Mexico and Greece as part of the Embraer 145 system, and to Pakistan in its latest model, the Saab 2000.

The firm has declined to divulge the identity of its latest client.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

CARS

Former Swedish Saab bosses appear in court

Swedish car maker Saab's former CEO Jan Åke Jonsson and the firm's former head lawyer Kristina Geers have appeared in court in Vänersborg in west Sweden, accused of falsifying financial documents shortly before the company went bankrupt in 2011.

Former Swedish Saab bosses appear in court
Saab's former CEO Jan Åke Jonsson. Photo: Karin Olander/TT
The pair are accused of falsifying the paperwork at the height of the Swedish company's financial difficulties at the start of the decade.
 
A third person – who has not been named in the Swedish media – is accused of assisting them by issuing false invoices adding up to a total of 30 million kronor ($3.55m).
 
According to court documents, the charges relate to the firm's business in Ukraine and the paperwork in question was signed just before former CEO Jan Åke Jonsson resigned.
 
Both Jonsson and Saab's former head lawyer Kristina Geers have admitted signing the papers but denied knowledge of the Ukranian firm implicated in the case.
 
All three suspects deny all the charges against them.
 

Saab's former head lawyer Kristina Geers. Photo:  Björn Larsson Rosvall/TT
 
Saab filed for bankruptcy at the end of 2011, after teetering on the edge of collapse for nearly two years.
 
Chief prosecutor Olof Sahlgren told the court in Vänersborg on Wednesday that the alleged crimes took place in March 2011, when Saab was briefly owned by the Dutch company Spyker Cars.
  
It was eventually bought by National Electric Vehicle Sweden (Nevs), a Chinese-owned company after hundreds of staff lost their jobs.
 
The car maker, which is based in west Sweden, has struggled to resolve serious financial difficulties by attracting new investors since the takeover.
 
In October 2014 it announced it had axed 155 workers, close to a third of its workforce.
 
Since 2000, Saab automobile has had no connection with the defence and aeronautics firm with the same name. It only produces one model today, the electric 9-3 Aero Sedan, mainly targeting the Chinese market.