Saab Receives NLAW Order from the UK
Saab has reached an agreement with and received an order from the United Kingdom Ministry of Defence for the Next Generation Light Anti-Tank Weapon system (NLAW). The order value is approximately SEK 2.9 billion and deliveries will take place 2023-2026.
NLAW is a shoulder-launched, anti-tank guided missile system that attacks the tank from above.
“Demand is increasing for anti-tank systems such as NLAW. We look forward to further strengthening our close relationship with the UK and are proud to continue delivering our proven and trusted anti-tank capability”, says Saab’s President and CEO Micael Johansson.
NLAW combines the simplicity of light anti-armour weapons with the advantages of heavy, crew-operated guided missile systems. With NLAW, a single soldier can take out a heavily-protected modern main battle tank at ranges between 20 and 800 metres.
Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 18,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.
The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 7 December 2022 at 14.45 (CET).