The defence and security company Saab has signed a six-year contract with the Swedish Meteorological and Hydrological Institute (SMHI) and the Swedish Defence Materiel Administration (FMV) for the period 2012-2017. The contract includes the modernisation of all twelve weather radar stations in Sweden and the order value including options is estimated to be worth SEK 100 million.
The contract means that Saab will upgrade all twelve weather radar stations in Sweden to the Dual Polarised Doppler system. The new technology means greater possibilities for weather classification, i.e. predicting the type of precipitation that is likely to occur.
"We are updating the Swedish weather radar network with the latest technology, thereby guaranteeing the system's performance for many years to come. We are proud to have won this deal and and this confirms our unique expertise within the field of radar technology, both civil and military," says Lars-Erik Wige, Head of the Support and Services business area at Saab.
Behind the order is the organisation SWERAD, a collaboration between SMHI, FMV and the Swedish Armed Forces which was established in the 1980s to ensure the operation of Sweden's weather radar network. The contract will run for six years (2012-2017) with options for a further three years. The agreement becomes final following a 10-day appeal period.
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, adapts and improves new technology to meet customers’ changing needs.
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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 28 May at 14.00.