Saab, LM Ericsson Close to Completing Deal to Supply Airborne Radar System to Pakistan
STOCKHOLM, Sweden (AP) --
Swedish aerospace and defense company Saab AB and telecom firm LM Ericsson are close to completing a 8.3 million kronor (euro880,000; US$1.1 billion) deal to supply an airborne radar system to Pakistan, a Saab spokesman said Wednesday.
Two-thirds of the amount would go to Saab and one-third to Ericsson, Saab said in statement.
The system includes Saab 2000 turboprop aircraft equipped with Ericsson Microwave Systems airborne radars.
"We have a deal with Pakistan," Saab spokesman Peter Larsson said, adding a few details remained before the final contract could be signed.
The air surveillance system can be used for both military and civilian purposes, Larsson said. For example, it could help coordinate relief flights after natural disasters, such as the earthquake that killed tens of thousands in Kashmir, Larsson said.
It would take a few years before the system can be in place, he said.
Source: Yahoo Finance