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Erik Smith Appointed CEO for Saab’s US Defense, Security Business

Erik Smith, vice president and general manager for sensor systems at Saab Defense and Security USA — a Saab Group subsidiary — has been appointed president and CEO of the business. “Erik has extensive experience in the U.S. defense industry and has a demonstrated understanding of how to navigate our …

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Brian Keller: Saab to Produce US Army Camouflage Systems

Saab has been selected to supply camouflage equipment to the U.S. Army over the next six months. The company’s camouflage systems are designed to protect camps, vehicles and humans from sensors, Saab said Thursday. “We are proud to be able to continue to deliver state-of-the-art solutions to the U.S. Army, ” said …

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Tony Frazier: DigitalGlobe Sees Opportunity in 3-D Earth Venture with Saab

TYSONS CORNER, VA May 28, 2015 — DigitalGlobe will lend its satellite imaging technologies to Vricon, a joint venture it has created with Saab on a mission to build a 3-D model of the planet, ExecutiveBiz reported Wednesday. Tony Frazier, senior vice president at DigitalGlobe and an inductee into Executive Mosaic’s Wash100 for …

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Saab to Update USSOCOM’s Carl-Gustaf Weapon System; Gorgen Johansson Comments

Saab has won a potential five-year, $187 million contract with the U.S. Special Operations Command to supply new Carl-Gustaf weapon systems to the command. USSOCOM has placed a $14.3 million initial order for the portable weapon, Saab said Wednesday. The contract follows a previous deal between Saab and USSOCOM for …

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Saab Lands Army Live Training Comm Support Contract

Saab Defense and Security USA has won a potential $67 million contract to provide training systems to for radio communications in live training exercises at Joint Base Lewis-McChord in Washington and the U.S. Army Garrison in Grafenwoehr, Germany. The company said Tuesday that the order is part of the Live Training Transformation Interim Range System contract awarded by …

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Saab Forms Co-op with Nexter Munitions to Supply Weaponry to Roquette NG

Defense and security company Saab today announced that it had signed an agreement with Nexter Munitions to supply AT4 weaponry to the future French Roquette NG program. The anti-armor AT4, disposable shoulder-launched weapon system has been battle-tested time and time again in the warfare environments of today, effectively used against …

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Saab to Provide Air Surveillance Radar System to State Dept.

Saab has received an order from the U.S. State Department for its Giraffe AMB multi-mission radar system. Syracuse-N.Y. based Saab Sensis will help deliver program items between 2012 and 2013. The company said the Giraffe AMB can detect enemy threats from rocket, artillery and mortar attacks while simultaneously conducting air surveillance. …

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Saab Completes Acquisition of U.S. Sensor and Air Traffic Management Firm

Saab AB has finalized its acquisition of Sensis Corp., a radar, sensor and air traffic management firm. Saab paid $150 million in cash for the firm and could pay up to $40 million more in earn-out fees if the firm fulfills certain conditions by 2014 as its Saab Sensis Corporation subsidiary. …

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Saab Will Divest Shares in its Spinoff 3-D Mapping Company

Saab AB will divest its shares in its spinoff 3D mapping company C3 Technologies AB. Saab expects the move will increase its earnings per share in 2011. The company said the transaction should close in the third quarter of 2011, subject to customary closing conditions. Saab Venture founded C3 in 2008. Saab will continue to offer …

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Saab to Acquire Sensis Corp, Expand North American Presence Through Radars, Sensors, Defense Systems

Saab AB has a definitive agreement to acquire air traffic management solutions and surveillance technologies firm Sensis Corporation for approximately $155 million in cash. Sensis will continue its U.S. operations as a subsidiary of the Saab group. The acquisition is expected to decrease Saab’s earnings per share in 2011. It …

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