Saab announces new Nautics business area

Energy News

Saab announces new Nautics business area
by Geoff Ziezulewicz
Stockholm, Sweden (UPI) Oct 26, 2016

Saab signs sub and surface ship deal with Polish arms group
Stockholm, Sweden (UPI) Oct 26, 2016 - Saab has signed a memorandum of understanding with the Polska Grupa Zbrojeniowa, or PGZ, defense company for the development of Polish naval programs, Saab announced Wednesday.

PGZ is the biggest defense company in Poland and the agreement will focus on programs that include ship and submarine construction for the country's navy and export customers, Saab said in a statement.

The latest signing comes after the two companies signed a letter of intent earlier this year to cooperate on a range of products to modernize Poland's defense sector.

This week's agreement will open up Poland's access to procurement of modern ships, Saab said.

Saab said it shares the same Baltic Sea security challenges faced by the Polish market.

Poland's military is undergoing modernization through 15 programs that include buying modern boats and surface ships.

Saab already provides Poland with Sea Giraffe radars and RBS15 Mk 3 missiles for various vessels, among other provisions.

Saab on Tuesday announced changes to the company's organization and group management, including a new naval business area named Nautics.

The changes will take effect on Jan. 1, the company said in a statement.

Saab Kockums, which oversees naval technology, will become its own business area and be re-dubbed Nautics.

Saab Kockums CEO Gunnar Wieslander will head the new business area and remain CEO of Kockums.

In other changes to group management, current head of business area surveillance Micael Johansson was named the new deputy CEO and executive vice president.

Johansson replaces Lennart Sindahl, who will become senior adviser to the CEO and will leave group management.

A replacement for Johansson in the surveillance area will be recruited, Saab said.

The changes came the same week that Saab reported a 15 percent increase in sales for the first nine months of the year, to $2.8 billion.

Saab attributes the increase largely to the Gripen fighter jet program, a 2015 GlobalEye surveillance order, as well as the development of the A26 submarine, among other sales.

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