Saab receives order for missiles

Aug. 13, 2012 at 2:27 PM   |   Comments

LINKOPING, Sweden, Aug. 13 (UPI) -- The Swedish defense and security company Saab has received an order from a German arms manufacturer for its RBS15 MK3 missile system.

The order from Diehl BGT for the surface-to-air missile is worth $25.2 million. Options under the contract are worth an additional $12.4 million.

"The order for RBS15 Mk3 is important for us in the long-term cooperation with our partner Diehl and for the continued development of the system," said Tomas Samuelsson, senior vice president and head of Saab's Business Area Dynamics. "From a broader perspective, it is yet another evidence of our ability to deliver on Saab's long-term strategy to increase sales outside Sweden."

Saab's RBS15 Mk3 subsonic missile has a range of more than120 miles. In addition to its use against air targets it can also be used versus land targets. It employs inertial, Global Positioning System and J-band radar.

Saab says the system has previously been sold to Germany, Poland and Sweden.

The systems will be delivered from 2014-16, it said, but no other details were provided.

"The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act," it said in announcing the order.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
2014: The Year in Music [PHOTOS]

2014: The Year in Music [PHOTOS]

Most Popular
Deloitte: App downloads dwindle, 1 in 3 users disinterested
AESA radar integrated into new F-16V
Iran wants to develop mini-LNG plants
Army Corps of Engineers contracts Exelis information technology services
GenDyn to study new guidance system for ICBMs
Trending News