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© saab Electronics Production | February 08, 2017

Saab to invest in its US operations

Swedish defence and security company Saab has signed an agreement with New York State to develop its business in the United States.
Saab will invest in its U.S. defence subsidiary, Saab Defense and Security USA, to drive technology transfers, improve facilities, and grow its organic engineering, research, development, testing and production capabilities. Additionally, Saab’s official US headquarters will relocate to its East Syracuse-based office, the company states in a press release.

New York State will provide Saab with several incentives aimed at supporting Saab’s efforts, which are expected to further stimulate industrial growth and create new jobs within the company’s New York-based subsidiaries.

"Saab is committed to New York and Syracuse, and this investment will benefit all involved," said Michael Andersson, Head of Market Area North America for Saab. "NYS will experience an influx of technology and job growth, and Saab will continue to develop our capabilities and expand our U.S. footprint. Ultimately, our customers will also benefit from the added availability of new products and solutions generated through this agreement."

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March 25 2017 3:01 PM V8.0.2-1