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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Saab AB    SAAB B   SE0000112385

SAAB AB (SAAB B)
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Saab : Receives Order for Self-Protection Systems for India’s Dhruv Helicopter

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08/08/2018 | 10:12am CEST

Saab has received a follow-on order from Hindustan Aeronautics Limited (HAL) for the IDAS-2 self-protection suite for the Indian Army's Dhruv helicopter. The order amounts to approximately MSEK 350.

The order includes the IDAS-2 (Integrated Defensive Aids Suite) and the production will take place at Saab's facility in Centurion, South Africa. Deliveries will begin during 2019.

'This follow-on order confirms our successful partnership with HAL and further establishes Saab as a local partner to the Indian industry,' says Anders Carp, head of Saab business area Surveillance.

IDAS is designed to provide platform self-protection for rotary and fixed wing aircraft in sophisticated, diverse and dense threat environments. It has achieved outstanding operational success with a growing list of customers in Europe, Asia, Africa and the Middle East. The product is in operational use in many countries on helicopters, commercial transport aircraft as well as fighters.

'The system has a long and successful history with proven capability on many airborne platforms. This order strengthens our position as a supplier of high-tech systems to the Indian Armed forces,' says Trevor Raman, head of Saab Grintek Defence.

For further information, please contact:

Saab Press Centre,

+46 (0)734 180 018

presscentre@saabgroup.com

www.saabgroup.com

www.saabgroup.com/YouTube

Follow us on twitter: @saab

Saab serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers' changing needs.

Disclaimer

Saab AB published this content on 08 August 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 August 2018 08:11:05 UTC

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Financials (SEK)
Sales 2018 33 290 M
EBIT 2018 2 502 M
Net income 2018 1 615 M
Debt 2018 3 436 M
Yield 2018 1,52%
P/E ratio 2018 26,15
P/E ratio 2019 19,42
EV / Sales 2018 1,38x
EV / Sales 2019 1,24x
Capitalization 42 361 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 448  SEK
Spread / Average Target 12%
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Managers
NameTitle
Kurt Ove Håkan Buskhe President, Chief Executive Officer & Director
Marcus Wallenberg Chairman
Magnus Örnberg Chief Financial Officer & Executive Vice President
Jacques Pontus Gilbert de Laval Chief Technology & Strategy Officer
Sten Erik Jakobsson Deputy Chairman
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