Saab and DRB-HICOM Signs MoU

  Saab and DRB-HICOM Signs MoU

Business Wire

LINKÖPING, Sweden -- March 26, 2013

Defence and security company Saab (STO:SAABB) has signed an Memorandum of
Understanding (MoU) with Malaysian company DRB-HICOM. The purpose is to
broaden and deepen the relationship between the companies which began in 2011.

The agreement between Saab and DRB-HICOM outlines industrial cooperation which
will look into areas of technology transfer and bringing expertise to Malaysia
among others.

“For Saab, the agreement with DRB-HICOM is an important step in order to do
further business in Malaysia and surrounding countries”, says Dan-Åke Enstedt,
President and CEO of Saab Asia Pacific.

The signing of the MoU took place during the Langkawi International Maritime
and Aerospace Exhibition (LIMA) 2013. Signing on behalf of DRB-HICOM was YBhg
Dato’ Sri Haji Mohd Khamil Jamil, Group Managing Director. Dan-Åke Enstedt,
President and CEO of Saab Asia Pacific signed the agreement for Saab.

In 2011, DRB-HICOM and Saab signed an industrial cooperation teaming agreement
to collaborate on an Airborne Early Warning and Control system (AEW&C). The
MoU signed today is an added effort to broaden and deepen the existing
relationship between both companies.

Both parties have agreed to explore the various areas of cooperation that
include the design and manufacturing of advanced composite system and
components for military and commercial aerospace applications, composite
repair technology. In addition to this the agreement also covers UAV systems
and technology, system integration of electronic warfare, avionics and other
airborne systems.

The partnership is based on extensive experience, strength and expertise of
both companies. Besides supporting the government's defence programmes with
solutions that will enhance Malaysia's operational abilities, it will also
create business opportunities for both parties.

Saab has a long history of supplying high performance, cost efficient defence
systems to the Malaysian Armed Forces. Systems like navy and army radar
systems, airborne self-protection systems for helicopters and fighters, naval
command and control systems and army support weapons, including anti-tank

Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has operations
and employees on all continents and constantly develops, adopts and improves
new technology to meet customers’ changing needs.

DRB-HICOM is one of Malaysia´s leading conglomerate with core business in the
Automotive & Defence, Services and Property, Asset & Construction sectors.

This information was brought to you by Cision


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