Saab Invests to Grow its New York-Based Business

SYRACUSE, N.Y., Jan. 11, 2017 /PRNewswire/ -- Defense and security company Saab has signed an agreement with New York State (NYS) to develop Saab's business in the United States and local presence in NYS.

Saab will invest in its U.S. defense subsidiary, Saab Defense and Security USA, to drive technology transfers, improve facilities, and grow its organic engineering, research, development, testing and production capabilities. Additionally, Saab Defense and Security USA's official headquarters will relocate to its East Syracuse-based office.

NYS will provide Saab with several incentives aimed at supporting Saab's efforts, which are expected to further stimulate industrial growth and create new jobs within Saab's New York-based subsidiaries.

"Saab is committed to New York and Syracuse, and this investment will benefit all involved," said Michael Andersson, Head of Market Area North America for Saab. "NYS will experience an influx of technology and job growth, and Saab will continue to develop our capabilities and expand our U.S. footprint. Ultimately, our customers will also benefit from the added availability of new products and solutions generated through this agreement."

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Saab Defense and Security USA LLC delivers advanced technology and systems to United States armed forces and other government agencies. Headquartered in Syracuse, New York the company has business units and local employees in four states and Washington, DC. Saab Defense and Security USA is a wholly owned subsidiary of the Saab Group.

With several locations across the United States and Canada, Saab North America provides a broad range of defense and homeland security products, services and solutions to North American customers. Saab North America is a wholly owned subsidiary of the Saab Group.

Saab Group serves the global market with world-leading products, services and solutions within military defence and civil security. Saab has operations and employees on all continents around the world. Through innovative, collaborative and pragmatic thinking, Saab develops, adopts and improves new technology to meet customers' changing needs.

SOURCE Saab

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