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SAAB — Earnings Release 2020
Jan 4, 2021
2958_iss_2021-01-04_52cc3444-0040-4eb2-9ee0-38d362df9f1a.pdf
Earnings Release
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PRESS RELEASE
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Date Reference 4 January 2021 CU 21:001 E
Saab receives follow-on contract for GlobalEye
Saab has today received a follow on contract with the United Arab Emirates regarding the sale of two GlobalEye systems, Saab's advanced airborne surveillance system. The order value is USD 1.018 billion and the contract period is 2020-2025.
The original contract with the United Arab Emirates for GlobalEye was signed in 2015. This contract is an amendment to that signed in 2015.
"We are proud that the United Arab Emirates continues to show great trust in Saab and our solutions. It shows that Saab remains on the cutting edge regarding advanced technology. The GlobalEye program is running according to plan and we have an efficient cooperation with the customer", says Saab's President and CEO, Micael Johansson.
The work will be carried out in Gothenburg, Linköping, Arboga, Järfälla and Luleå in Sweden and in Centurion, South Africa.
The contract was signed by the customer on the 30th of December 2020, hence the order was booked during the fourth quarter 2020.
GlobalEye provides simultaneous air, maritime and ground surveillance. It combines sophisticated radar technology with the ultra-long range Global 6000 aircraft from Bombardier.
For further information, please contact:
Saab Press Centre +46 (0)734 180 018 [email protected]
Mattias Rådström, Press Officer Cell: +46 (0) 73-418 70 86
www.saab.com Twitter: @Saab
Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers' changing needs.
Saab AB (publ) Postal address Telephone Telefax Registered office VAT No SE-581 88 Linköping Sweden
+46 (0)13 18 00 00 +46 (0)13 18 72 00 Linköping SE556036079301
Registered No Internet address 556036-0793 www.saabgroup.com
PRESS RELEASE
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The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, on 4 January 2021 at 13:45 (CET).
Saab AB (publ) Postal address Telephone Telefax Registered office VAT No SE-581 88 Linköping Sweden
+46 (0)13 18 00 00 +46 (0)13 18 72 00 Linköping SE556036079301
Registered No Internet address 556036-0793 www.saabgroup.com