Saab 2014 Annual Report Download - page 35

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STRATEGY
PORTFOLIO
SAAB KOCKUMS BROADENS SAAB’S NAVAL OFFERING
In 2014, Saab acquired ThyssenKrupp Marine Systems. The company,
now the business unit Saab Kockums, designs, builds and maintains
naval systems such as submarines and surface vessels, but also offers
a number of other products such as the Stirling external-combustion
engine and systems for submarine rescues and mine clearance. The
business unit has around 850 employees, with broad-based compe-
tence in production, development and service. During the second half
of the year, Saab Kockums began to be integrated with Saab and crea-
ting collaborations with Saab’s other naval operations. Saab Kockums
is a business unit within business area Security and Defence Solutions.
Saab now a turnkey naval supplier
The acquisition is part of a strategy to broaden the offering and
strengthen the Group’s position in naval systems. Saab already had
strong positions in integrated command and combat systems, radar,
situational awareness and communication systems, tactical weapons,
and underwater systems.
Long-term contract with FMV
Saab Kockums received orders from FMV in 2014 to generate
construction and production plans for Sweden’s next generation sub-
marine, as well as for modifications of two Gotland class submarines.
In addition, Saab and FMV signed a letter of intent covering the
Swedish Armed Forces’ underwater capabilities. The letter of intent,
which covers maintenance, development, design and production of
submarines and other underwater systems, applies to the period
2015-2024 with potential orders of approximately SEK 11.2 billion.
Naval export opportunities
Using its strong position in Sweden as a platform, Saab feels that its
expanded naval offering offers good potential in export market. The
strategy is to deliver complete systems, as well as subsystems to other
manufacturers. Saab is developing the Swedish defence’s next genera-
tion submarine, A26. Moreover, a co-operation has been established
with the Damen Shipyards for example to bid on the Netherlands’
submarine replacement programme.
SAAB ANNUAL REPORT 2014 – 31