LINKOPING, Sweden, March 27 (UPI) -- Saab of Sweden and Malaysia's DRB-HICOM have signed a Memorandum of Understanding to explore military and commercial aerospace opportunities.
Covered under the MoU are the design and manufacturing of advanced composite system and components, composite repair technology, unmanned aerial vehicle systems and system integration of electronic warfare, avionics and other airborne systems.
"For Saab, the agreement with DRB-HICOM is an important step in order to do further business in Malaysia and surrounding countries," Dan-Ake Enstedt, president and chief executive officer of Saab Asia Pacific said at the Langkawi International Maritime and Aerospace Exhibition in Malaysia.
The companies in 2011 signed an industrial cooperation teaming agreement to collaborate on an Airborne Early Warning and Control system and the new accord broadens and deepens that relationship, Saab said.
It is anticipated that the MOU and the earlier agreement will involve technology transfer from Saab to with DRB-HICOM.