Saab Receives Order On Advanced Anti- Submarine Warfare Training

Regulatory News:

Saab AB (STO:SAABB)

Defence and security company Saab has received an order from the Swedish Defence Material Administration (FMV) for delivery of advanced anti-submarine warfare training, including the autonomous underwater vehicle AUV62 in training configuration. Deliveries will take place during the period 2016-2019.

As part of the Letter of Intent (LoI) between Saab and FMV, announced on June 9 2014, and which supports the Swedish Armed Forces’ underwater capabilities for the period 2015-2024, Saab has now received an order for the delivery of advanced anti-submarine warfare training. Included in the contract is the autonomous underwater vehicle AUV62-AT, configured for anti-submarine training, and the delivery of support and maintenance to the customer. Saab is also responsible for supporting the customer’s training activities during the entire contract period.

"For the Swedish Navy this order means that they will have an increased capability and flexibility to practice and train their units in anti-submarine warfare”, says Anne-Marie Vösu, head of Saab´s business unit Underwater Systems.

"Saab’s experience and expertise within autonomous underwater vehicles means that we can offer world-leading training opportunities for our customers in anti-submarine warfare”.

The AUV62-AT is an advanced and highly modern and capable system for cost-efficient training of a navy’s ASW forces. The AUV62-AT is an artificial acoustic target that mimics a submarine in a way that is compatible with any torpedo- and sonar system on the market today. The system fully replaces the use of a submarine in the role as a maneuvering training target. With the AUV62-AT Saab offers a state-of-the-art training capability for demanding customers investing in the future.

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.

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