The purpose of the Agreement is seeking to enable the delivery of enhanced capabilities to customers by leveraging the companies’ collective unique strengths through offering a broader range of products, services and integrated solutions.
Under the Agreement, the companies will explore the development of the design of a new advanced corvette of around 100 metres. The joint development will benefit from Saab’s expertise in naval Combat Management Systems and composite structures, and Babcock’s expertise in platform design and integration to create a new class-leading capability.
The new corvette will be a highly capable and adaptable surface combatant aimed at meeting the needs of international customers. Babcock and Saab intend to jointly market the new design to worldwide export markets.
“We have complementary capabilities and resources, including expertise, technologies and market presence that can enhance our competitive advantage when combined. By combining our capabilities and resources, we recognise the potential to leverage each other's strengths,” said Micael Johansson, President and CEO of Saab.
Babcock CEO David Lockwood said, “This is the beginning of an exciting new relationship between Babcock and Saab. It recognises the potential to jointly offer a wider range of integrated solutions to international customers and builds on the strong cultural and technical links between the two Groups.”
By combining technology capabilities and expertise to drive technological advancements Saab and Babcock will stay at the forefront of their industries.
