Saab Training USA Signs Multi-Year Range Target Systems Contract With the U.S. Marine Corps

ORLANDO, FL -- (Marketwire) -- 08/16/10 -- Saab Training USA signed a contract with the U.S. Marine Corps to produce and field a large number of ranges and facilities under their Range Target Systems (RTS) program. The contract has a ceiling price of approximately U.S. $39 million, and Saab will receive orders during the next three years.

The ranges will provide live fire gunnery training for Marines in a train-as-you-fight environment using Saab's well established target and range control product line and Improvised Explosive Device (IED) simulators. The scope of work includes constructing urban warfare buildings and shoot houses with realistic after action review capabilities and providing logistic support for large number of fielded systems.

Saab is currently delivering its Instrumented Tactical Engagement Simulation System (I-TESS) to the same Marine Corps installations across the continental United States and overseas in Hawaii and Japan. This RTS order increases Saab's product base in the United States, where it has been supplying range equipment to the Army and Marine Corps since 1980.

"We are honored to have been selected by the U.S. Marine Corps for a delivery of this substance," says Lars Borgwing, President of Saab Training USA. "The RTS contract is one that we are very excited about and eager to begin fulfilling."

Saab Training USA, a subsidiary of the international conglomerate Saab AB, is located in the Orlando Central Florida's Research Park and has supported the U.S. Armed Forces and Homeland Defense, with targets, laser simulators and instrumented training products for more than thirty years. For additional information, please visit www.saabtraining.com.