Saab signs agreement to invest and grow its business in New York

WASHINGTON. New York State and Saab officials signed an agreement to develop Saab's business in the U.S. and increase its local presence in the state. The goal is to drive technology transfers, improve facilities, and grow organic engineering, research, development, testing, and production capabilities.

Under the agreement, will invest in its subsidiary, Saab Defense and Security USA, and will relocate its U.S. headquarters to the company's Syracuse-based office. The state will also provide Saab with several incentives aimed at supporting Saab’s efforts, which are expected to further stimulate industrial growth and create new jobs within Saab’s New York-based subsidiaries.

"Saab is committed to New York and Syracuse, and this investment will benefit all involved," says Michael Andersson, Head of Market Area North America for Saab. "[New York State] will experience an influx of technology and , 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."

Topics covered in this article