Saab wins next generation underwater system order worth SEK 100 million

Saab wins next generation underwater system order
worth SEK 100 million

Saab Bofors Underwater Systems (SBUS) has received an order for a
Product Definition of the next generation underwater system, TMS. TMS is
short for Torpedo, Mine and Sensor. The two year SEK 100 million
contract is with the Swedish Defence Materiel Administration (FMV). The
FMV represents both the Swedish and the Finnish Navies.

"We are proud to enter into this contract with the FMV. The TMS project
is an excellent opportunity for SBUS to participate in international
cooperations in underwater systems, which is crucial to SBUS's future",
says Mikael Grodzinsky, President of Saab Bofors Underwater Systems AB.

The contract entails SBUS working together with representatives of the
FMV, the Swedish Armed Forces and the Swedish Defence Research Agency
(FOI) in defining the next generation underwater system. The Finnish
Navy and Finnish defence industry will be represented in the project.

"Sweden is among the world leaders in underwater systems, with special
focus on shallow and difficult underwater environments. We regard the
start of the TMS project as an opportunity to secure Swedish expertise
in unmanned underwater vehicles long term. TMS will meet the
requirements of the new network-centric defence", says Grodzinsky.

Saab is one of the world's leading high-technology companies, with its
main operations focusing on defence, aviation and space. The group
covers a broad spectrum of competence and capabilities in systems
integration.

For further information please contact:
Mikael Grodzinsky, President, Saab Bofors Underwater Systems AB
Tel: +46 (0)141-224 510, mobile: +46 (0)73-668 26 00.

www.saab.se


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