Sweden's Saab receives $46 million US Army order for radars
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Saab Technologies logo is pictured at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier
COPENHAGEN (Reuters) -Swedish defence equipment maker Saab said on Tuesday it has received an order for its Giraffe 1X radars worth around $46 million from the U.S. Army.
"The order underscores the growing demand for Saab's advanced radar technology to strengthen air defence and Counter-Unmanned Aerial Systems (C-UAS) capabilities worldwide," the company said in a statement.
Saab on Friday raised its full-year sales guidance on the back of soaring military spending.
Delivery of the radars is expected at the beginning of next year, Saab said.
The order was booked in Saab's third-quarter order intake, the company said.
(Reporting by Louise Rasmussen, editing by Terje Solsvik)
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