Saab Signs Contract For Carl-Gustaf Ammunition

Regulatory News:

Saab AB (STO:SAABB)

Defence and security company Saab has signed a contract for the production and delivery of ammunition for the Carl-Gustaf man-portable weapon system. The total order value is approximately SEK1,4 billion. Deliveries will take place during 2016-2019.

The contract comprises production and delivery of three different types of ammunition for the Carl-Gustaf system. The contract also includes possibilities for additional orders.

"I am very glad to announce that we have now received this significant order for Carl-Gustaf ammunition. This further strengthens our leading position on the market for shoulder-launched weapons systems,” says Görgen Johansson, head of Saab business area Dynamics.

The industry’s nature is such that due to circumstances concerning the product and customer, further information about the customer will not be announced.

The Carl-Gustaf is a world-leading weapon system within the support weapon category. It has been constantly modernised and enhanced to meet users’ changing needs. The latest version, the Carl-Gustaf M4, reduces the weight from 10 kg to 7 kg. Carl-Gustaf is a battle-winning system for soldiers operating in demanding environments. Employing a wide range of ammunition types, the Carl-Gustaf system allows dismounted soldiers to defeat multiple challenges – from neutralising armoured vehicles to clearing obstacles and engaging enemies in buildings.

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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.

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 12 January 2016 at 14.30 pm (CET).

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