STOCKHOLM, Sweden, March 25, 2002 (PRIMEZONE) -- The Saab-owned company FFV Ordnance AB has signed a contract with the Indian armed forces to upgrade their Carl-Gustaf anti-tank system. The contract is worth approximately SEK 300 million and covers both weapons and ammunition.
"We are extremely pleased with this order, which shows that there is still confidence in the Carl-Gustaf system which was introduced into the Indian army back in 1974," said Soren Gindahl, MD of FFV Ordnance AB.
Production will be carried out by Saab Bofors Dynamics in Karlskoga and Eskilstuna. The first deliveries will take place within eight months, and will then continue for roughly two years.
Saab is one of the world's leading high-technology companies, with its main operations focusing on defence, aviation and space. The group covers a broad spectrum of competence and capabilities in systems integration.
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