Saab Sells the ARTHUR Radar System to Italy

STOCKHOLM--December 22, 2009, (BUSINESS WIRE)--Regulatory News: Defence and security company Saab (STO:SAABB) has signed a contract for the sale of its ARTHUR WLS (Weapon Locating System) to the Italian Army. The order has been obtained in collaboration with the Italian company Selex Sistemi Integrati (Finmeccanica Group). The value of the order to Saab is approximately MEUR 46 (approximately MSEK 475).
Saab is to supply the radar system, with Selex Sistemi Integrati (Finmeccanica Group) supplying the command and communications solution. The contract, which is a basic order with an expansion opportunity, also comprises associated logistics with training, installation and support. Deliveries are estimated to take place over the next three years.
The Italian Army will be using the system for international assignments.
“Highly-functional weapon locating systems have become an increasingly important component in peacekeeping missions throughout the world, both for ensuring that peace accords are being upheld, and for the protection of own personnel. ARTHUR, which is the market-leading mobile weapon locating system, has therefore also become a major export success story for Saab over the years", says Lennart Joelsson, business unit manager, Saab Microwave Systems.
Saab's ARTHUR radar system locates incoming enemy projectiles and missiles. The system provides information about the firing position and point of impact, and can simultaneously direct countermeasures. It therefore contributes to increased protection for friendly forces and the civilian population.
ARTHUR has been supplied to several countries throughout the world besides Sweden. Denmark, Greece, Norway, Spain, the United Kingdom, South Korea and the Czech Republic are among those who have bought different versions of the radar system. The peacekeeping forces of the Canadian and Italian armies have successfully used ARTHUR in Afghanistan.
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 December 22 at 12.20.
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.
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