In a groundbreaking development for European defense, Lumibird Group proudly shares a pivotal announcement. Our dedicated subsidiary, Lumibird Photonics Sweden AB, has clinched two substantial contracts from Saab AB. These contracts mark a significant step forward, as they entail equipping the formidable CV90 infantry fighting vehicle with our cutting-edge OdiPro laser rangefinder.
The magnitude of these contracts, totaling approximately SEK 130 million (€11.5m), signifies not just financial value, but a testament to Lumibird's commitment to pushing the boundaries of military technology. Scheduled for execution from 2024 to 2029, these contracts represent a collaborative effort to elevate defense capabilities.
At Lumibird, we understand that true progress is born from collaboration. Carina Harnesk, our CEO at Lumibird Photonics Sweden, expresses our deep appreciation for our partners at Saab and BAE Systems Hägglunds. Together, we are not just suppliers; we are strategic allies, united in our mission to enhance production capacity and meet the evolving needs of defense.
Our pride extends beyond numbers; it resonates in our ability to deliver high-performance solutions. Marc Le Flohic, Lumibird Group's CEO and President, underscores our dedication to maintaining a robust supply chain. With internal production capabilities for critical components, we ensure reliability and resilience in our offerings.
The OdiPro laser rangefinder symbolizes Lumibird's relentless pursuit of excellence. As the latest addition to our Odin family, it integrates state-of-the-art features, including active receiver protection, empowering precise targeting across vast distances, both on land and in the air.
Lumibird's expertise transcends boundaries, serving diverse defense, scientific, and medical applications. Our specialization in laser technologies caters to various domains, from naval operations to space exploration, reflecting our commitment to versatility and innovation.
With a legacy spanning five decades, Lumibird stands as a beacon of excellence in the laser industry. From solid-state to fiber laser technologies, our solutions are trusted by clients worldwide. With a global presence across Europe, America, and Asia, we continue to lead the way in advancing laser technologies.
The journey of Lumibird is one of perseverance and innovation. Since our merger in 2017, we've grown exponentially, boasting a dedicated workforce of over 1,000 employees and achieving significant sales milestones.
In essence, Lumibird's collaboration with Saab to equip the CV90 infantry fighting vehicle with our OdiPro laser rangefinder is more than just a business transaction. It's a testament to our shared commitment to safeguarding our nations and strengthening our defense capabilities. Together, we forge ahead, driven by the belief that innovation knows no bounds, and the future of defense is brighter than ever before.
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Land Force