Saab 2014 Annual Report Download - page 53

OTHER SIGNIFICANT EVENTS DURING THE
PERIOD JANUARY-DECEMBER 2014
• Saab has received a cintractt from the Norwegian
army regarding development and serial delive-
ries of the new generation vehicle simulators.
• On 8 April 2014, Saab AB held its Annual
General Meeting in Stockholm. In accordance
with the Nomination Committee’s proposal,
Håkan Buskhe, Johan Forssell, Sten Jakobsson,
Sara Mazur, Per-Arne Sandström, Cecilia Stegö
Chilò, Lena Treschow Torell, Marcus Wallen-
berg and Joakim Westh were re-elected to the
Board of Directors. Marcus Wallenberg was
re-elected as Chairman of the Board of Directors.
At the statutory Board meeting aer the Annual
General Meeting, Sten Jakobsson was elected
Deputy Chairman of the Board.
• In a national referendum in May, the Swiss
people voted No to the funding plan for Gripen.
• In June, an order was received to provide the
corrective maintenance and capital expenditure
for the electronic security system for the Southern
Queensland Correctional Centre in Australia.
• Saab’s Board of Directors resolved to repurchase
Series B shares to secure delivery of shares to
participants in Saab’s long-term Share Matching
Plan and Performance Share Plan.
• In June, Saab issued MSEK 600 in bonds maturing
on 19 December 2019 and in October it issued
MSEK 400 in bonds maturing on 19 December
2019 as part of the existing Medium Term Note
programme.
• A three-year contract for support and service
of weapon simulators was signed with the UK
Ministry of Defence.
• In July, a framework agreement was signed by
Saab and the European Defence Agency (EDA)
for potential orders of Carl-Gustaf ammunition
to Estonia, Latvia, Lithuania, Czech Republic
and Poland. e agreement extends ve years
and includes a possible two-year extension.
• Saab and Embraer announced in July that they
had signed a memorandum of understanding to
partner on joint management of the Gripen
programme within the framework of the Brazilian
F-X2 project, where Gripen NG has been chosen
as Brazil’s next generation ghter.
• On July 22, Saab announced that the acquisition
of Swedish shipyard yssenKrupp Marine
Systems had been nalised.
• Saab announced that changes will be made in
its business area structure to develop and
strengthen the organisation in accordance with
the overarching business strategy. At the same
time, changes were made within Group Mana-
gement. All changes apply as of 1 January 2015.
• Saab received an order from the government of
Hong Kong Special Administrative Region to
renew the existing Hong Kong Vessel Trac
Services System.
• In December, an order was received from FMV
for the extended lease for Gripen from Sweden
to Czech Republic. e agreement covers modi-
cations, the upgrade of system functionality
and support to FMV for the aircra own by the
Czech Air Force for an additional 12 years.
• FMV also ordered maintenance, technical sys-
tem support and spare parts for Gripen during
2015 on behalf of the Swedish Armed Forces.
SIGNIFICANT EVENTS AFTER THE
CONCLUSION OF THE PERIOD
• In January, Saab signed a revolving credit facility
of SEK 4 billion with an initial term of ve years
and with a possibility to extend the term with
one plus one year.
• Saab announced in January that it has teamed
up with Dutch shipbuilder Damen Shipyards
Group to explore future opportunities in the
international submarine market. e companies
have signed an exclusive teaming agreement
to work together in pursuit of the potential
Walrus-class submarine replacement programme
for the Netherlands.
ADMINISTRATION REPORT
OTHER SIGNIFICANT EVENTS
SAAB ANNUAL REPORT 2014 – 49