Saab and STN ATLAS awarded Air Defense procurement in Finland

Saab and STN ATLAS awarded Air Defense procurement in Finland Together with the German company STN ATLAS and Ericsson Microwave Systems, Saab Bofors Dynamics has been awarded a contract for delivery of new air defense systems to the Finnish defense forces. STN ATLAS is the Prime Contractor. The contract valued will exceed an amount of 120 M Euro, of which circa 30 M Euro is for the Saab Bofors Dynamics share of the procurement. "This order underscores our standing as a world leading producer of short-range Air Defense systems, and it opens the door for similar contracts from other countries" says Ingemar Andersson, President of Saab Bofors Dynamics. The order comprises a mobile air defense system designated ASRAD R, and the RBS 70 MAN-PAD, system. Saab Bofors Dynamics is responsible for RBS 70 MANPAD, parts of ASRAD-R as well as BOLIDE missiles for both systems. The order constitutes a breakthrough on the export market for several new products, namely ASRAD-R, the BOLIDE-missile and a new night sight for the RBS 70 system. The German-Swedish constellation won the procurement in tough competition with the French-British company THALES. Saab is one of the world's leading high-technology companies, with its main operations focusing on defense, aviation and space. The group covers a broad spectrum of competence and capabilities in systems integration. For further information, please contact: Anders Florenius, Vice President, Communications and Phone: +46 705823230 Public Affairs, Saab Bofors Dynamics www.saab.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/08/06/20020806BIT00040/wkr0001.doc http://www.waymaker.net/bitonline/2002/08/06/20020806BIT00040/wkr0002.pdf

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