Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
 
News

Nuclear Facility Perimeter Security Contract Terminated

Saab : 28 June, 2010  (Company News)
Saab has reached a settlement with OKG Aktiebolag on the termination of a contract between the two companies on the supply of perimeter intrusion security for a nuclear power facility
The contract between Saab and OKG Aktiebolag has been terminated and the parties have reached a financial settlement.

Saab announced on 10 May this year that it had received a letter from OKG Aktiebolag terminating a contract. This had originally been signed in March 2008 and constituted a turnkey contract including the installation, delivery and construction of perimeter security at Oskarshamn's nuclear power plant. The order had a value of MSEK 392.

Discussions which have been taking place since 10 May between Saab and OKG have now been concluded and the parties have agreed to terminate the commissioned project.

In the first quarter, Saab took charges of MSEK 140 relating to the project. An additional MSEK 150 is reserved in the second quarter of 2010 to cover costs relating to the terminated contract.

The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on 24 June at 15.10.
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo