Saab Receives Follow-on Orders for Self-protection Systems for the Indian Dhruv Helicopter
By Business Wire News
By Business Wire News
Defence and security company Saab (STO:SAABB) has received follow-on orders from Hindustan Aeronautic Limited (HAL), India, for serial production of an integrated electronic warfare self-protection system for installation on the Indian Army’s and Air Force’s Advanced Light Helicopter Dhruv. The orders have a total value of approximately USD78 million (SEK740 million).
Saab’s Integrated Defensive Aids Suite (IDAS) protects crew by enhancing platform survivability in sophisticated, diverse and dense threat environments. The system provides timely warning against radar, laser and IR guided threats and automatically deploys the appropriate countermeasures.
“The success of IDAS continues and we are proud that HAL and the Indian Armed Forces have continued faith in the IDAS system, of which this follow-on orders is a clear indication. It is a testimony of the effectiveness and reliability of the IDAS solution”, says Micael Johansson, head of Saab business area Electronic Defence Systems.
“With these follow-on orders we continue to build on our very successful partnership with HAL and further establish Saab as a local partner to the Indian industry and as a supplier of high tech products and systems to the Indian Armed Forces”, says Lars-Olof Lindgren, head of Saab market area India.
Production of the IDAS system will take place at Saab in Centurion, South Africa (Saab Grintek Defence). Deliveries will take place during the years 2015 to 2018.
In addition to the production orders received, Saab also received orders for IDAS ground support and test equipment for the Advanced Light Helicopter program.
The system has a long and successful history with proven capability on many airborne platforms such as the Saab 2000, Agusta-Westland A109, Super Lynx 300, Boeing CH-47 Chinook, Denel Rooivalk and Oryx, Eurocopter Cougar, Puma & Super Puma, NH Industries NH90, C-130 and L100 Hercules, Sukhoi Su-30MKM. Deliveries are ongoing for the HAL Advanced Light Helicopter Dhruv.
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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 31 March 2015 at 08.30(CET).
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