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WEAPONS

Sweden’s Saab secures major arms deal

Swedish defence firm Saab has received an order for ammunition worth more than a billion kronor, according to a company statement on Friday.

Sweden's Saab secures major arms deal

The order comprises the production of anti-armour ammunition to the Carl-Gustaf man-portable weapons system amounts to 1.16 billion kronor ($181.3¨million). Delivery will start in September 2011 and continue throughout 2012.

“The order is of large value for Saab, and is estimated to create approximately 40 new job opportunities within Saab’s production unit in Karlskoga, as well as new jobs with our sub-suppliers,” Tomas Samuelsson, Saab senior vice president, said in a statement.

In accordance with industry praxis the firm declined to divulge information regarding the customer for the ammunition.

The Carl-Gustaf M3 is system is an antitank recoilless rifle which is designed for hand-held use.

The weapon was first developed in 1947 and introduced into Swedish service in 1948. It has since been sold around the world and has featured in conflicts such as the Falklands War and Afghanistan.

Versions of the weapon are in use by armies from a slew of countries including the US, the UK, Germany, Brazil, India and Israel. British troops refer to the weapon as the Charlie G, and it also goes by the (irreverent) name of Charlie Gusto or Charlie Gutsache.

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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.