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CONTENTS
Saab in brief ...
… and our 2012 results
Cover
inside
Saab today 1
Saab’s DNA 2
Chairman’s statement 4
CEO comment 6
Gripen 8
Megatrends 10
Market and
Driving forces 12
Saab’s business model 14
Strategic goals 16
– Protable growth 18
– Performance 19
– Portfolio 20
– People 22
Geographic areas 28
Market segments 30
Sustainability 32
– Ethics 36
– Society 37
– Environment 38
– Employees 40
ADMINISTRATION REPORT
Financial review 44
Business areas 46
Risks and risk
management 52
Other information 56
Financial statements 59
Notes 71
Dividend motivation 121
Proposed disposition
of earnings 122
Audit report 123
Corporate governance
report 124
Shareholder information 135
Financial information 2013
and contact details 142
Glossary 143
IMPORTANT EVENTS IN 2012
During Q1 2012, FMV (the
Swedish Defence Materiel Ad-
ministration) placed an order
for maintenance and updating
work for Gripen C/D and Saab
Sensis was selected by the
American Federal Aviation Ad-
ministration (FAA) for the Air-
port Surface Surveillance Ca-
pability (ASSC) programme,
two signicant acknowledge-
ments of Saab’s expertise and
world-class high-tech solu-
tions.
Combitech acquired Sörman
Information during Q1 as part
of Combitech’s strategy to ex-
pand its range of services and
grow in the Nordic consulting
market.
During the quarter, Hungary
extended its contract with
Sweden for the use of Gripen
through 2026 to ensure the
continued development of its
defence capability.
Major orders received during
Q2 include the extension of
Airbus’ contract for ailerons
for the A320 series, the Thai
Navy’s order for upgrades to
the combat management sys-
tem for H.T.M.S. Chakri Naru-
ebet, and the Australian De-
fence Materiel Organisation
order of ammunition for the
Carl-Gustaf.
Saab made a public bid during
the quarter for HITT N.V., a air
and marine trafc manage-
ment company. This acquisi-
tion is in line with our overall
strategy to strengthen our po-
sition on the global trafc ma-
nagement market.
A MoU (Memorandum of Un-
derstanding) was signed with
the Inter-American Develop-
ment Bank for a project offe-
ring nancing to Latin Ameri-
can cities to promote
sustainable development.
During Q2, Magnus Örnberg
was appointed Saab’s new
Senior Vice President and
Chief Financial Ofcer.
Saab premiered its new Mari-
time Security Aircraft - the
Saab MSA.
The rst graduating class of
Saab’s Technical Secondary
School graduated in June.
It was announced during Q3
that the U.S. Army’s signed a
second contract for the Carl-
Gustaf man-portable weapon
system and the Thai Navy or-
dered an upgrade of the com-
bat management system for
frigates H.T.M.S. Naresuan
and H.T.M.S Taksin. Combi-
tech acquired 70 per cent of
the shares of the Norwegian
company Bayes Risk Mana-
gement AS.
As part of the strategy to in-
crease our presence in key
markets, a MoU and a Techni-
cal Partnership Agreement
(TPA) were signed with the In-
dian company Pipavav De-
fence and Offshore Enginee-
ring Co Ltd.
An agreement between Saab
Automobile’s creditor and
Saab AB, Scania and National
Electric Vehicle Sweden
(NEVS) regarding the Saab
brand was announced in Sep-
tember.
In December, Saab signed a
framework agreement with
Piaggio Aero Industries of
Italy. Under the agreement,
Saab received an initial order
for the delivery and integration
of surveillance systems for
Piaggio Aero’s new surveil-
lance aircraft.
Saab received an order for the
RBS15 Mk3 air-to-surface
missile from German partner
company Diehl BGT Defence.
The European unmanned
technology demonstrator
Neuron held its rst ight from
Istres, France – an important
milestone in the programme,
in which Saab has played a
crucial role in design, deve-
lopment and production.
During Q4, the Swedish parli-
ament voted in favour of allo-
wing the government to place
an order for the acquisition of
40-60 Gripen E. This decision
demonstrates broad political
consensus to upgrade Swe-
dish air defence to one of the
most modern in the world as
well as continued faith in Gri-
pen as the backbone of this.
During the quarter, the Gripen
E/F demonstration aircraft
was shown for the rst time to
the Swiss public at the Swiss
Air Force’s annual exhibition
at Axalp-Ebenuh.
Q1 Q2 Q3 Q4
While every care has been taken in the translation of this annual report, readers are reminded
that the original annual report, signed by the Board of Directors, is in Swedish.