U.S. Marine Corps Revamps Training System with the Help of Saab
In June 2021, Saab announced that it had been awarded the Force-on-Force Training Systems Contract by the US Marine Corps Program Manager. Through this contract, Saab will provide the Marines with a turnkey live training capability, which includes equipment deliveries as well as logistics maintenance support and training exercises at all Marine Corps locations. This new training system replaces the current instrumentation and tactical engagement simulation systems. While the original contract was valued at up to $127.9 million, in March 2022, it was modified by an additional $122.0 million.
Balance Sheet|Labor|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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