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    SAAB B   SE0000112385

SAAB AB (PUBL)

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Saab : Celebrates U.S. Expansion with Opening of New Facility

10/13/2021 | 11:22am EST

IN 5000356-423 Issue 1 06.11 Word

PRESS RELEASE

Page

1 (3)

Date

Reference

13 October 2021

CU 21:050 E

Saab Celebrates U.S. Expansion with Opening of New Facility

Saab announced the grand opening of its new facility located in West Lafayette, Indiana on October 13, 2021. This purpose-built facility represents a major step in both Saab's global expansion strategy and growth and investment in the U.S.

Saab announced in May 2019 that West Lafayette would be the location for its expansion in the U.S. aerospace sector and construction of the facility began in 2020. It has been completed on-time and on-budget and will start by being the site for domestic production of Saab's aft airframe section for the T-7A Red Hawk trainer program. It will also support research and development in autonomy, artificial intelligence and advanced manufacturing.

"This opening marks a historic moment for Saab. This high-tech facility and its growing workforce are a result of Saab's continued investment in the United States. Just as the T-7A Red Hawk will train the next generation of fighter and bomber pilots, we look forward to welcoming and training the next generation of aerospace engineers and other skilled employees," said President and Group CEO of Saab Micael Johansson. "As a trusted local partner, Saab is committed to investing in both our West Lafayette community and the research and development for a more sustainable world to keep people and society safe."

"Indiana is a natural home for Saab, and it's exciting to be here today to celebrate the opening of this fantastic facility," said Indiana Governor Eric J. Holcomb. "Saab is putting Hoosiers to work in aerospace and defense, and that's something we can all be proud of. I'm thrilled that Indiana and Purdue University are helping to redefine the future of aerospace with the T-7A Red Hawk program in West Lafayette," said Eric J. Holcomb, Governor of Indiana.

By 2027, Saab expects to hire up to 300 employees for this facility, including assemblers, engineers, system administrators, and more. The West Lafayette facility will also work collaboratively with Purdue on research and development in sensor systems, artificial intelligence and more. Saab plans to export products and technology from this facility.

Saab AB (publ)

Postal address

Telephone

Telefax

Registered office

VAT No

SE-581 88 Linköping

+46 (0)13 18 00 00

+46 (0)13 18 72 00

Linköping

SE556036079301

Sweden

Registered No

Internet address

556036-0793www.saab.com

IN 5000356-423 Issue 1 06.11 Word

PRESS RELEASE

Page

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"We are thrilled by the internship and employment opportunities this relationship will bring to Purdue University students and alumni," said Mitch Daniels, President of Purdue University. "It is a privilege to house the new Saab facility in Purdue's Discovery Park District, and to collaborate with a world-renowned company like Saab in protecting the security of Americans."

"This new facility is our seventh U.S. location - as Saab, Inc., we're proud to be an American-run company selling American-made products," said Erik Smith, President and CEO of Saab, Inc. "With our deep understanding of the mission of the U.S. military and a culture that drives us to work swiftly, efficiently and collaboratively with customers, we couldn't be more excited about the opportunities ahead to help keep Americans safe at home and abroad."

The T-7A Red Hawk is an all-new, advanced pilot training system designed and manufactured through a Saab-Boeing partnership for the U.S. Air Force to train the next generation of fighter and bomber pilots. Saab's site in West Lafayette will build an aft section with installed subsystems that extends from behind the cockpit to the end of the aircraft, and supply them to Boeing's final assembly line in St. Louis for joining with the front section, wings, fins and tail.

The T-7A Red Hawk has been named as an ode to the Tuskegee Airmen, the first African-American military aviators in the U.S. Army Air Corps, which eventually became the U.S. Air Force. In World War II, these aviators frequently painted their planes with a red-tailed color scheme, and the T-7A has been officially named the Red Hawk in their honor.

For further information, please contact:

Jana Murphy,

Senior Vice President, Corporate Affairs +1 (202) 279-1586,jana.murphy@saabinc.com

SaabInc.com

Twitter: Saab_Inc

Facebook: SaabIncUS

LinkedIn: Saab, Inc.

Instagram: Saab_Inc

Saab is a leading defense and security company with an enduring mission, to help nations keep their people and society safe.

Empowered by its 18,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world.

Saab AB (publ)

Postal address

Telephone

Telefax

Registered office

VAT No

SE-581 88 Linköping

+46 (0)13 18 00 00

+46 (0)13 18 72 00

Linköping

SE556036079301

Sweden

Registered No

Internet address

556036-0793www.saab.com

PRESS RELEASE

Page

3 (3)

Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems.

Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defense capability of several nations.

Saab, Inc. is a U.S. based wholly owned subsidiary, delivering advanced technology and systems, supporting the U.S. Armed Forces and the Federal Aviation Administration, as well as international and commercial partners. Headquartered in Syracuse, New York, the company has business units and local employees in six U.S. locations.

IN 5000356-423 Issue 1 06.11 Word

Saab AB (publ)

Postal address

Telephone

Telefax

Registered office

VAT No

SE-581 88 Linköping

+46 (0)13 18 00 00

+46 (0)13 18 72 00

Linköping

SE556036079301

Sweden

Registered No

Internet address

556036-0793www.saab.com

Disclaimer

Saab AB published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 15:21:06 UTC.


© Publicnow 2021
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