SAAB AB (Stockholm: SAABb) has today signed a contract with the Swedish Defence Materiel Administration (FMV) and received an order for four additional Gripen C fighter aircraft for Hungary.
This order follows an amendment to the contract between FMV and the Hungarian Government signed in December 2001 regarding 14 Gripen C/D fighters for the Hungarian Air Force. The contract amendment for the four additional aircraft was signed by the Hungarian Ministry of Defence and FMV on 23 February 2024. With this new contract amendment, Hungary will operate a total of 18 Gripen C/D aircraft to protect and defend the Hungarian and NATO airspace.
Saab currently has a contract with FMV regarding support for Hungary’s Gripen aircraft, and Saab is ready to provide additional upgrades and support for the Hungarian fighters beyond 2035.
Saab and the Hungarian Ministry of Defence have also signed an MoU regarding development of high-tech industrial areas and fighter aircraft capabilities. The cooperation includes support for the establishment of a Centre of Excellence for VR technologies in Hungary.
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Saab AB (Stockholm: series B: SAABb)President and CEO Micael Johansson says “The geopolitical tensions are impacting our industry and driving the largest increase in defence investments in the last 30 years, particularly in Europe. In the third quarter, high demand for Saab’s broad defence portfolio continued to result in significant order intake, strong sales growth and improved profitability.”
Key highlights Q3 2023
Order intake amounted to SEK 14,977m (7,772) with strong growth in all order sizes in the quarter.
Sales increased to SEK 11,527m (8,751) with an organic growth of 31%, driven by growth in all business areas.
EBITDA increased 28% and amounted to SEK 1,424m (1,115), corresponding to an EBITDA margin of 12.4% (12.7).
Operating income (EBIT) increased 51% and amounted to SEK 859m (568). The EBIT margin was 7.5% (6.5) with improvements in several business areas in the quarter.
Net income for the period increased to SEK 656m (324) and earnings per share amounted to SEK 4.84 (2.28).
Operational cash flow in the quarter was SEK -2,058m (559) mainly due to timing of customer payments combined with higher investments.
Net liquidity position in the quarter was SEK 1.4 bn (0.4).
Upgraded outlook for organic sales growth 2023: organic sales growth to be between 19-23%, compared to previous outlook of 16-20%.
SAAB AB (Stockholm: SAABb) has received an order from the Japan Self-Defense Forces, JGSDF, for the supply of the man-portable, multi-role weapon system Carl-Gustaf®. The order includes over 300 systems and deliveries will take place in 2025.
Carl-Gustaf is a man-portable multi-role weapon system that provides high tactical flexibility through its wide range of ammunition types. It is extremely light-weight, and has established itself as the main shoulder launched weapon in many countries. It has been in use with the Japan Self-Defense Forces since 1979.
Proven to deliver results on the battlefield, Carl-Gustaf provides the effectiveness soldiers need. The wide range of ammunition types for Carl-Gustaf makes it flexible and able to handle any situation, whether it is to defeat an armoured vehicle or structure, or illuminating the battlefield during night operations.
The Carl-Gustaf system has a long and distinguished history, which stretches back to 1948, and is now supplied to more than 40 countries around the world.
Saab AB (Stockholm: SAABb) has presented the first Saab 340 Airborne Early Warning (AEW) aircraft to the customer during a ceremony in Linköping. The event took place in Linköping on 29 September, just two months after Poland placed an order for two AEW aircraft.
Guests from Sweden and Poland attended the event, which marked a milestone towards the rapidly proceeding delivery to Poland of the Saab 340 AEW equipped with the Erieye radar. The solution will provide Poland’s Armed Forces with a national asset to reinforce territorial integrity and national security.
The fast pace is a result of the efficient collaboration between Saab and the Polish Armed Forces and the fact that Saab has an ongoing production line for airborne early warning solutions. This includes dedicated personnel and in-house expertise to perform all kinds of tests and evaluations for the necessary approval of the systems.
Alaska Airlines is the 14th member of the oneworld alliance.
SEATTLE, December 13, 2021 /PRNewswire/ – Ready to start planning that long-awaited, much-deserved vacation or trip to Europe and destinations beyond? Alaska Airlines and our fellow oneworld member airlines – including American Airlines, British Airways, Finnair and Iberia – are ready to take you there this summer with new nonstop international flights from our West Coast hubs and airports.
British Airways announced today it will begin nonstop service from Portland to London Heathrow five days a week starting on June 3, 2022. The flight becomes the sixth British Airways service to London from a key Alaska market on the West Coast joining Los Angeles; San Diego; San Francisco; San Jose, California; and Seattle.
Finnair announced last week its new nonstop flight between Seattle and Helsinki that’s scheduled for service three days a week beginning June 1. Finnair’s nonstop to Seattle joins its existing service to the Finnish capital from Los Angeles. Finnair will also increase its Los Angeles-Stockholm service to four nonstop flights a week beginning May 1.
By summer 2022, Alaska’s oneworld partners will offer more than 100 nonstop flights every week from the West Coast to Europe including nonstop service to London, Madrid, Barcelona, Stockholm and Helsinki. Once in Europe, journeys can continue throughout the Continent and other parts of the world with convenient connections through our partners’ hubs.
oneworld flights between the U.S. West Coast and Europe for summer 2022:
The agreement calls for a phased introduction of Saab (OTC: SAABF) Digital Towers for up to six airports and three centres in Belgium. The framework agreement has a fixed part and a conditional part for a total value of just over 48 million Euro, spread over 18 years. The first phase will cover the airports of Liege and Charleroi and a centre in Namur. Delivery to skeyes will start in 2022, with initial operations to be started in 2024. Aviation is an integrated part of the infrastructure in Belgium, and the Digital Tower programme is a forward looking and innovative way of providing a sustainable service for many years to come, as well as a potential role model for Europe.
SDATS’s digital air traffic control solution is a breakthrough in air traffic control and was introduced during 2015 in Sweden, and has been followed up by others including at Cranfield, London City Airport, in Stockholm with a new Digital Tower centre, and later in 2022 by a Digital Tower centre at Schiphol.
skeyes is a leading and an innovating Air Navigation Service Provider. Saab Digital Air Traffic Solutions AB was formed 2016 as a joint venture between Saab and the Swedish Air Navigation Service Provider (LFV). By combining LFV’s unique operational experience with Saab’s world-class technical solutions, Saab Digital Air Traffic Solutions can manage the entire process from planning and implementation to the administration of air traffic control services. As a provider of both the technology and air traffic control services, the company offers new and sophisticated digital services to airports in Sweden and abroad.
Emirates will resume passenger services to Stockholm with weekly flights from 1 August, expanding its network in Europe to 22 cities, and connecting customers from Europe to the Middle East, Asia Pacific and Africa.
The restart of Stockholm flights means that all Emirates gateways in Scandinavia will have resumed services by August, with flights to Oslo resuming from 4 August and services to Copenhagen being in operation since June.
This will take the airline’s passenger network to 63 destinations in August, offering customers around the world more convenient connections to Dubai, and via Dubai.
Flights between Stockholm and Dubai will operate once a week on Saturdays. Emirates flight EK157 will depart Dubai at 08:40 and arrives in Stockholm at 13:10. The return flight EK 158 leaves Stockholm Arlanda Airport at 15:05 and arrives into Dubai International Airport at 23:20. All times are local.
The flights will be operated with the Emirates Boeing 777-300ER and can be booked on emirates.com or via travel agents.
Dubai is open: Customers from across Emirates’ network can now to travel to Dubai as the city has re-opened for business and leisure visitors with new air travel protocols that safeguard the health and safety of visitors and communities. For more information on entry requirements for international visitors to Dubai, visit: www.emirates.com/flytoDubai
Flexibility and assurance: With the gradual re-opening of borders over the summer, Emirates has revised its booking policies to offer customers more flexibility and confidence to plan their travel. Customers whose travel plans are disrupted by COVID-19 related flight or travel restrictions, can simply hold on to their ticket which will be valid for 24 months and rebook to fly at a later time; request travel vouchers to offset against future Emirates purchases, or request refunds via an online form on Emirates’ website or via their travel booking agent.
Health and safety first: Emirates has implemented a comprehensive set of measures at every step of the customer journey to ensure the safety of its customers and employees on the ground and in the air, including the distribution of complimentary hygiene kits containing masks, gloves, hand sanitiser and antibacterial wipes to all customers. For more information on these measures and the services available on each flight, visit: www.emirates.com/yoursafety
Travel restrictions: Customers are reminded that travel restrictions remain in place, and travellers will only be accepted on flights if they comply with the eligibility and entry criteria requirements of their destination countries. Visit: www.emirates.com/travelrestrictions
Bombardier unveils new innovative light rail vehicle safety system at UITP 2019 in Stockholm, Sweden.
COMPAS provides enhanced safety for passengers and drivers, helping to prevent derailing
Innovative overspeed protection system co-developed with Austrian Institute of Technology
Today, mobility solution provider Bombardier Transportation presented its new and innovative safety system for urban light rail vehicles at the UITP Global Public Transportation Summit in Stockholm. Called COMPAS (Collision and Overspeed Monitoring and Prevention Assistance System), the technology was developed in cooperation with Bombardier Transportation’s research partner the Austrian Institute of Technology & Mission Embedded and enhances safety for tram passengers and drivers.
Christian Diewald, Managing Director of Bombardier Transportation in Austria, said, “We have completed the development phase of COMPAS and will shortly start the operational evaluation in two existing vehicle fleets. I am especially happy that we are testing this safety innovation in the new vehicles for our customer Wiener Linien in Austria, but also with our customer in Blackpool, UK.”
COMPAS is the transportation industry’s only system that combines two of the most requested driver assistance functions, a vision-based overspeed prevention and an automated obstacle detection assistance system. It’s designed to ensure the driver always maintains full control over the vehicle by using digital track data and visual odometry to prevent the vehicle from exceeding its pre-defined speed limits, thus enhancing safety for those in and around the vehicle.
The new system is expected to be granted commercial service authorization by mid-2020, with additional functions, such as increased vehicle autonomy enabling automated operation in depots, planned to for future integration.
COMPAS builds upon Bombardier’s proven Obstacle Detection Assistance System (ODAS ), a cutting-edge safety innovation already proven in passenger in service since being introduced in Frankfurt, Germany in 2017. Overall, the ODAS system has been selected by five light rail vehicle operators.
Braathens Regional Airlines has collaborated with Air BP, ATR and Neste to achieve the ‘Perfect Flight’ from Halmstad City airport to Stockholm Bromma airport in Sweden – a country aiming to be carbon neutral by 2045.
Sustainable aviation fuel, produced by Neste and supplied by Air BP, was used to power the ATR 72-600 – the regional aircraft with the best environmental credentials.
Every element of the flight management process has been optimised to keep carbon emissions to a minimum.
Today, a number of companies from across the aviation sector have risen to the challenge of turning a typical weekday service from Halmstad City airport (HAD/ESMT) to Stockholm Bromma airport (BMA/ESSB) into the ‘Perfect Flight’.
This is the first time that every element in the flight management process on a regional flight has been optimized to keep carbon emissions to a minimum and achieve the ‘Perfect Flight’ – in Sweden, a country that is aiming to be carbon neutral by 2045. A full flight of seventy two passengers, including international media, were on board the Braathens Regional Airlines ATR 72-600 turboprop, the regional aircraft with the best environmental credentials, which took one hour to reach its destination.
According to ATR, the ATR 72-600 has an environmental advantage, in that it produces 40 percent fewer carbon emissions per trip compared with regional jets, saving 4,000 tonnes of carbon emissions per aircraft per year. ATRs can also take off and land where other aircraft cannot, ensuring accessibility to all airfields, including those that are the most challenging. This helps connect more communities and provides more opportunities for people, wherever they live.
With the electrification of commercial aircraft thought to be decades away, advances in aircraft efficiency and the use of sustainable aviation fuel are likely to play a significant role in supporting the aviation industry to meet its ambitious target of reducing carbon emissions to half 2005 levels by 2050.
The Perfect Flight was powered by sustainable aviation fuel supplied by Air BP and produced by Neste. The fuel supplied will produce up to 80 percent fewer emissions over its life-cycle compared with conventional jet fuel and is produced from non-palm renewable and sustainable raw materials. In addition, Air BP’s operations at Halmstad City airport are one of their over 250 locations that have been certified as carbon neutral since 2016.
Following the flight, a responsible aviation seminar was held at Stockholm Bromma airport where the crew shared the results of how the ‘Perfect Flight’ had been achieved. A host of experts shared their views including Peter Larsson – CEO of Sweden’s Regional Airports, Jonas Bergman – Mayor of Halmstad, Tom Anderson – ATR Senior Vice President, Programs and Customer Services, Anna Soltorp – Head of Sustainability, BRA and Tom Parsons, Air BP Commercial Development Manager, Low Carbon, and Andreas Teir, Neste’s Vice President in Renewable Transportation, Nordics.
From his seat on the Perfect Flight, Parsons said: “At Air BP we are committed to working across the industry to meet our collective carbon reduction goals. Today has highlighted what is possible when we all work together and we are proud to have been the supplier of sustainable aviation fuel for this perfect flight. We will continue to look for ways to reduce emissions in our own operations and for our customers.”
Meanwhile, Soltorp commented: We want to continue to fly ‘perfectly’ in the future. To achieve this, it is important that we can access sustainable aviation fuel in sufficient quantities and at the right price. For that we need political initiatives. We intend to continue the development of sustainable flying to make every flight as close to perfect as we possibly can. As a society we need to take action to combat climate change and drastically reduce emissions, aviation must play its part in this. Today, we have demonstrated what can be achieved through more efficient flying without compromising connectivity. It is another positive step forwards.”
Anderson added: “Today, using existing technology and available solutions, we have pushed the boundaries even further. This great achievement wouldn’t have been possible without using an ATR aircraft, as our ATR 72-600 version uses 40 percent less fuel and emits 40 percent less CO2 than a regional jet. We are delighted to have taken up this challenge and demonstrate what is possible, which will hopefully set an example for other communities around the world.”
Teir commented: “Aviation stakeholders in Sweden have adopted a proactive approach to show their commitment to reducing emissions from their operations by promoting the use of renewable jet fuel. Decarbonizing aviation calls for close cooperation between aviation stakeholders combined with a strong willingness to work collaboratively. We are proud of our partnership with Air BP in bringing sustainable jet fuel to Sweden, which sends a strong signal to the international aviation community also.”
