LINKOPING, Sweden, Jan. 19, 2004 (PRIMEZONE) -- Saab Bofors Dynamics and BGT have signed a contract for the Series Preparation and Pilot Lot production phase for the short range air-to- air missile IRIS-T. The contract value is 12.5MEUR covering two years.
Saab Bofors Dynamics and BGT (Bodenseewerk Geraetetechnik GmbH) have signed a contract for the Series Preparation and Pilot Lot production phase of two electronics units (Aircraft Interface Unit and Signal Processing Unit) for the short range air-to-air missile IRIS-T.
The IRIS-T missile is developed in cooperation between industries from six nations, with Germany as the lead nation, and will initially arm the Gripen, Eurofighter and F16 fighters of the participating nations. Since IRIS-T constitutes a great improvement over existing short range air-to- air missiles the potential for further export is large.
Participating nations are, beside Germany and Sweden, Norway, Greece, Italy and Spain. Saab Bofors Dynamics is anticipating an order for the Series Production of these electronics units during 2005.
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.
For further information please contact: Gunnar Sprang, Business unit manager Telephone: 013-18 61 10, 073-418 6110
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