Saab receives order for additional Live Training equipment from U.S. Marine Corps
Saab receives order for additional Live Training equipment from U.S. Marine Corps |
| [14-March-2025] |
STOCKHOLM, March 14, 2025 /PRNewswire/ -- Saab has received a contract modification award from the U.S. Marine Corps for additional Marine Corps Training Instrumentation Systems (MCTIS) equipment. The order value for this award is USD $37 million (SEK 375 million) with deliveries taking place from 2025 to 2027. This award ensures the U.S. Marine Corps will continue implementing Saab's deployable and expeditionary MCTIS capability. This advanced, interoperable live training solution helps Marines train in the most realistic environments, significantly improving their performance and survivability on the battlefield. The system focuses on developing and reinforcing effective tactics, techniques and procedures, while also facilitating joint training with NATO allies during multinational exercises. "We are honored that the U.S. Marine Corps continues to rely on us as their training partner for the next generation of Marine warfighters," said Erik Smith, President and CEO of Saab in the U.S. "Our training capability enhances combat readiness by immersing Marines in realistic scenarios and rigorously analyzing their decision-making and actions, ultimately delivering on the objective of saving American lives. We take pride in providing the premier interoperable, land-based live training capability in the world." Saab's collaboration with the U.S. Marine Corps began with a contract awarded in June 2021, marking the transition from the previous Instrumentation and Tactical Engagement Simulation System II (ITESS - II) to the MCTIS training system. Contact Saab is a leading defense and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defense capability of several nations. Saab, Inc. is a U.S. based wholly owned subsidiary, delivering advanced technology and systems, supporting the U.S. Armed Forces and the Federal Aviation Administration, as well as international and commercial partners. Headquartered in Syracuse, New York, the company has business units and local employees in nine U.S. locations. This information was brought to you by Cision http://news.cision.com. The following files are available for download:
SOURCE Saab | ||||||||
Company Codes: Bloomberg:SAABB@SS, ISIN:SE0021921269, RICS:SAABB.ST, Stockholm:SAAB-B |
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