Glossary

Beyond Visual Range (BVR) 

The ability to engage an enemy aircraft prior to being able to see him. The term beyond-visual-range missile (BVR) usually refers to an air-to-air missile (BVRAAM) that is capable of engaging at ranges of 20 nmi (37 km) or beyond. This range has been achieved using dual pulse rocket motors or booster rocket motor and ramjet sustainer motor.

 

Capital Employed

Total capital less non-interest-bearing liabilities.

 

Defensive Device

Essentially a bundle of shredded foil, that is dispensed from a fighter that desires to confuse an enemy radar. Chaff often consist of thin pieces of aluminium, metallized glass fibre or plastic, which either appears as a cluster of primary targets on radar screens or swamps the screen with multiple returns.

 

Earnings per Share

Net income for the period attributable to Parent Company shareholders’ interest, divided by the average number of shares before and after full dilution. There is no dilution impact if the result is negative.

 

EBIT

Operating income before interest and taxes.

 

EBITDA

Operating income before depreciation/amortisation and write-downs less depreciation/amortisation and write-downs of lease aircraft.

 

EBITDA Margin

Operating income before depreciation/amortisation and write-downs less depreciation/amortisation and write-downs of lease aircraft as a percentage of sales revenue.

 

EKN

The Swedish Export Credits Guarantee Board

 

Electronic Counter Measures (ECM)

A means of attempting to confuse enemy radars. Some fighter aircraft carry an ECM device internally, while others carry an external ECM pod.

 

Electronic Warfare (EW)

Refers to any action involving the use of the electromagnetic spectrum or directed energy to control the spectrum, attack an enemy, or impede enemy assaults via the spectrum. The purpose of electronic warfare is to deny the opponent the advantage of, and ensure friendly unimpeded access to, the EM spectrum. EW can be applied from air, sea, land, and space by manned and unmanned systems, and can target humans, communications, radar, or other assets.

 

Equity or Assets Ratio

Equity in relation to total assets.

 

Equity per Share

Equity attributable to the Parent Company’s shareholders divided by the number of shares, excluding treasury shares, at the end of the period. 

 

FMV

Swedish Defence Materiel Administration

 

Free Cash Flow per Share

Free cash flow divided by the average number of shares after dilution.

 

FRN

Floating Rate Note

 

Full Time Equivalent (FTE)

FTE corresponds to one employee working full time for one year.

 

Graduate

A recent graduate or young professional that is hired into a position in the Saab Graduate Leadership Programme.

 

Gross Margin

Gross income as a percentage of sales revenue.

 

Hands On Throttle and Stick

Modern fighters have every imaginable control function mounted on either the stick (right hand) or the throttle quadrant (left hand), so that the pilot need not fumble around in the cockpit.

 

Head-Up Display (HUD) 

A transparent screen mounted on the dashboard on which pertinent data from flight instruments and weapons systems are projected. The HUD eliminates the need to look down into the cockpit to read instruments.

 

IAS

International Accounting Standards

 

Identification Friend or Foe

An electronic means of identifying aircraft, part of the military’s transponder system that tells other jets and ground crews if a dude is a good guy or a bad guy.

 

IFRS

International Financial Reporting Standards

 

Infra-Red Search and Track (IRST)

IRST is a generalized case of forward looking infrared (heat sources such as aircraft engine exhaust), i.e. from forward-looking to all-round situational awareness. Such systems are passive, meaning they do not give out any radiation of their own, unlike radar. This gives them the advantage that they are difficult to detect.

 

Life Cycle-Based Concept

Saab’s support begins at the earliest stages of planning and continues through to decommissioning.

 

MRO

Maintenance Repair and Overhaul

 

Medium Term Note (MTN)

MTN bonds with a duration of 1-15 years.

 

Net Liquidity or Net Debt

Liquid assets, short-term investments and interest-bearing receivables less interest-bearing liabilities and provisions for pensions excluding provisions for pensions attributable to special employers’ contribution.

 

Operating Margin

Operating income (EBIT) as a percentage of sales revenue.

 

Pitot-Static System

Is a system of pressure-sensitive instruments that is most often used in aviation to determine an aircraft's airspeed, Mach number, altitude, and altitude trend.

 

Return on Capital Employed

Operating income plus financial income as a percentage of average capital employed (measured over a rolling 12-month period).

 

Return on Equity

Net income for the period as a percentage of average equity (measured over a rolling 12-month period).

 

Saab Academy

Founded to support in developing leaders, growing talents and boosting employee performance. Saab Academy provides training for leaders, talents, specific functions in the company and all employees. Saab Academy further provides tools, processes and drives projects that are necessary to maintain and further develop a performance driven culture where employees’ competence is developed according to business needs.

 

Saab Graduate Leadership Programme

Our graduate programme (also known as trainee programme) where we are hiring recent graduates and young professionals that we believe have the potential and desire to become future leaders at Saab – the leaders of a safer tomorrow.

 

Saab Aircraft Leasing (SAL)

SAL relates to Saab’s leasing fleet of turboprop aircraft.

 

Turnkey Solutions

A complete support solution which encompasses the entire portfolio of support products and services and are adaptable to the specific requirements of every individual customer.