Pakistan reduces Ereyie contract

Saab Renegotiate Surveillance Contract

(Source: Saab AB; issued May 28, 2007)

(Editor’s Note: The original contract, announced in October 2005, was valued at SEK 8.3 billion.)

With reference to the sale of Saab Airborne Surveillance Systems to Pakistan, the customer has for financial reasons and in accordance with the original contract, asked to renegotiate part of the contract concerning a reduction of the number of systems.

Together with Saab terms and conditions then have been agreed, concerning a reduction.

Saab and the Government of Pakistan continue as planned with the delivery of the system.

As a result of the renegotiation, the order value is decreased by approximately SEK 1.35 billion. Income will decrease proportionally to the volume change, but other commercial terms and conditions will remain unchanged. Concerning the fiscal year 2007 there is no impact on turnover or income as a result of the new conditions.

p.s. so it looks like PN wont be getting any ereyies but perhaps the chinese
balance beam kit later