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LINKOPING, Sweden, March 7 (UPI) -- Saab, the Swedish defense company, is entering into the field of ballistic protection technology.
The move has begun with purchasing the rights to patented Soft Armor technology and associated assets from Protaurius AB of Sweden.
"The acquisition of the rights to Soft Armor is a complement to our wide product portfolio within advanced camouflage," said Anders Wiman, managing director of Saab Barracuda. "We are now expanding our investment in this type of product in both military and civil segments.
"With this transaction, Barracuda is taking the first step in strategically widening its product portfolio beyond the technical field of signature management."
Saab Barracuda is part of Saab's Dynamics business area.
Soft Armor technology uses a spherical ceramic material for protection against projectiles and shrapnel. Saab said it is "self-healing" and has the capability to withstand multiple hits in the same area.
It is suitable for protection of personnel as well as equipment.
"The acquisition of the rights to Soft Armor is a complement to our wide product portfolio within advanced camouflage. We are now expanding our investment in this type of product in both military and civil segments," said Wiman.
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| Additional Security Industry Stories | |
ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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RIYADH, Saudi Arabia, June 19 (UPI) --
Britain's BAE Systems, Europe's biggest defense company, reportedly expects to wrap up a price deal with Saudi Arabia for 72 Eurofighter Typhoon combat jets after two years of tortuous negotiations.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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