Saab receives order worth SEK 300 million from India

The Saab-owned company FFV Ordnance AB has signed a contract with the
Indian armed forces to upgrade their Carl-Gustaf anti-tank system. The
contract is worth approximately SEK 300 million and covers both weapons
and ammunition.

"We are extremely pleased with this order, which shows that there is
still confidence in the Carl-Gustaf system which was introduced into the
Indian army back in 1974," says Sören Gindahl, MD of FFV Ordnance AB.

Production will be carried out by Saab Bofors Dynamics in Karlskoga and
Eskilstuna. The first deliveries will take place within eight months,
and will then continue for roughly two years.

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

For further information, please contact:
Anders Florenius,
Director of Communications and Public Affairs, Saab Bofors Dynamics
Phone: +46 586 81223, +46 70 58 23 230

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