Saab Combines US Defense Operations

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Oct 22, 2013, 08:30 ET

WASHINGTON, Oct. 22, 2013 /PRNewswire/ -- Global defense and security company Saab is pleased to announce the establishment of Saab Defense and Security USA LLC. This represents the consolidation of several US-based Saab defense companies into a single US defense and homeland security provider. Shared management structures and security governance will increase synergies and improve efficiency. Saab's goal is to build an agile and responsive US company able to deliver innovative, timely and highly-effective solutions to meet local defense and security needs.

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Saab Defense and Security USA LLC (SDAS) brings together the operations of the former separate legal entities, Saab Training USA LLC, Saab Barracuda LLC, Saab Support and Services LLC, and the defense elements of the Saab Sensis Corporation, into a single organizational structure.

Forming the new company is a further step in the long-term development and growth of Saab in North America. As a combined entity, SDAS will have a greater ability to respond to changing market conditions in the United States and in the global defense market making it possible to grow jobs and expertise in the US.

Mr. Jonas Hjelm, Head of Saab's Americas Market Area states, "even when viewed against the background of the current budget situation, the US defense and security market represents nearly 50 per cent of the total global market. This makes it very important for Saab to solidify its position and grow its presence in the US."

"Our existing portfolio of products, systems and capabilities provide us a flexibility to provide quick solutions to meet customer needs and make us an attractive partner to major US defense industries. From its very start, Saab Defense and Security USA has a sound business footing and is expected to remain a profitable company with excellent prospects."

SDAS will operate under a special security agreement with the US Department of Defense. This will ensure the required protections remain in place so the company can sustain and build its defense and homeland security activities.

Mr. Lars Borgwing, former CEO of Saab Training USA, is the President and CEO of SDAS. Lars is committed to building the local business by enhancing and leveraging Saab's current US business base.

"Our four US business units already have strong relationships with local customers and existing contracts. We are determined to exceed the expectations of these customers—that's the best way to earn their continued trust, support our warfighters and to grow our company," Lars Borgwing said.

Saab's Air Traffic Management activities will continue under a separate US legal entity— Saab Sensis Corporation—with a continued focus on the global traffic management market.

Saab Defense and Security USA LLC delivers advanced military technology and systems to United States armed forces and other government agencies. Headquartered in Sterling Virginia it has business units and local employees in four states.

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.

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SOURCE Saab