Latest news with #PeterNilsson
Yahoo
11-06-2025
- Business
- Yahoo
Saab achieves AI milestone with Gripen E
STOCKHOLM, June 11, 2025 /PRNewswire/ -- Saab, in collaboration with Helsing, today announced the successful completion of the first three flights integrating Helsing's Artificial Intelligence (AI) agent `Centaur' into a Gripen E fighter jet. As part of Saab's `Project Beyond', the flights, where the first flight, was conducted on May 28, mark a significant advance in bringing AI capabilities to military aircraft. It is also yet another proof point of Gripen E's unparalleled ability to rapidly update software without disregarding safety requirements. During the flights, the Gripen E gave control to Centaur which successfully autonomously executed complex manoeuvres in a Beyond Visual Range (BVR) combat environment and cued the pilot to fire. "This is an important achievement for Saab, demonstrating our qualitative edge in sophisticated technologies by making AI deliver in the air. The swift integration and successful flight testing of Helsing's AI in a Gripen E exemplifies the accelerated capability gain you can get from our fighter. We are excited to continue developing and refining how this and other AI agents can be used, while once again showing how our fighters will outperform faster than the opponent can evolve," said Peter Nilsson, head of Advanced Programmes, from Saab's Aeronautics Business Area. Thanks to the unique design of Gripen E, the fighter can fly with the AI software onboard and fully integrated without being restricted to solely military test ranges or have to rely on an experimental X-plane to do flight trials with the software. "Within Project Beyond and other programmes, we utilise the power of software to rapidly explore and blur the lines between 'now' and the future; in software there are no generations, only speed," says Peter Nilsson. The third flight, conducted June 3, focused specifically on Centaur's performance, pitting it against a real Gripen D aircraft in a series of dynamic BVR scenarios with real-time data integration utilising sensor data to track the target aircraft. The team tested Centaur's adaptability by varying starting distances, speeds, aspects, and even disabling C2 data to assess its robustness. Saab's and Helsing's joint Project Beyond team was set up using Gripen E to explore how trustworthy AI can be used against future threats. The team will now analyse the flight data and continue training the AI agent to further enhance its BVR capabilities, with a further series of flights throughout the remainder of the year. The project, fully sponsored by Swedish Defence Material Administration (FMV), is part of the Swedish Concept programme for Future Fighter Systems. ContactSaab Press Centre+46 (0)734 180 018presscentre@ Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations. This information was brought to you by Cision The following files are available for download: CUE 25-032 Saab achieves AI milestone with Gripen E Gripen E flying with AI View original content: SOURCE Saab Sign in to access your portfolio
Yahoo
11-06-2025
- Business
- Yahoo
Saab achieves AI milestone with Gripen E
STOCKHOLM, June 11, 2025 /PRNewswire/ -- Saab, in collaboration with Helsing, today announced the successful completion of the first three flights integrating Helsing's Artificial Intelligence (AI) agent `Centaur' into a Gripen E fighter jet. As part of Saab's `Project Beyond', the flights, where the first flight, was conducted on May 28, mark a significant advance in bringing AI capabilities to military aircraft. It is also yet another proof point of Gripen E's unparalleled ability to rapidly update software without disregarding safety requirements. During the flights, the Gripen E gave control to Centaur which successfully autonomously executed complex manoeuvres in a Beyond Visual Range (BVR) combat environment and cued the pilot to fire. "This is an important achievement for Saab, demonstrating our qualitative edge in sophisticated technologies by making AI deliver in the air. The swift integration and successful flight testing of Helsing's AI in a Gripen E exemplifies the accelerated capability gain you can get from our fighter. We are excited to continue developing and refining how this and other AI agents can be used, while once again showing how our fighters will outperform faster than the opponent can evolve," said Peter Nilsson, head of Advanced Programmes, from Saab's Aeronautics Business Area. Thanks to the unique design of Gripen E, the fighter can fly with the AI software onboard and fully integrated without being restricted to solely military test ranges or have to rely on an experimental X-plane to do flight trials with the software. "Within Project Beyond and other programmes, we utilise the power of software to rapidly explore and blur the lines between 'now' and the future; in software there are no generations, only speed," says Peter Nilsson. The third flight, conducted June 3, focused specifically on Centaur's performance, pitting it against a real Gripen D aircraft in a series of dynamic BVR scenarios with real-time data integration utilising sensor data to track the target aircraft. The team tested Centaur's adaptability by varying starting distances, speeds, aspects, and even disabling C2 data to assess its robustness. Saab's and Helsing's joint Project Beyond team was set up using Gripen E to explore how trustworthy AI can be used against future threats. The team will now analyse the flight data and continue training the AI agent to further enhance its BVR capabilities, with a further series of flights throughout the remainder of the year. The project, fully sponsored by Swedish Defence Material Administration (FMV), is part of the Swedish Concept programme for Future Fighter Systems. ContactSaab Press Centre+46 (0)734 180 018presscentre@ Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations. This information was brought to you by Cision The following files are available for download: CUE 25-032 Saab achieves AI milestone with Gripen E Gripen E flying with AI View original content: SOURCE Saab
TECHx
15-05-2025
- TECHx
Cybercrime in Focus at World Police Summit 2025 Dubai
Home » Latest news » Cybercrime in Focus at World Police Summit 2025 Dubai The World Police Summit 2025 in Dubai brought together global law enforcement leaders and security experts to address key international threats. A major focus was cybercrime, with experts highlighting its increasing complexity and global impact. Held under the theme 'Beyond the Badge: Envision the Next Era of Policing,' the summit featured four specialised conferences and 12 main security tracks. Topics included cybercrime, drug control, border security, and human trafficking. During a key session, Dr. Mohammed Hamad Al Kuwaiti, Chairman of the UAE Cybersecurity Council, introduced the national 'Cyber Pulse' initiative. He announced that 2025 has been declared the 'Year of Community,' aiming to position the public as the first line of defence. 'Our focus remains on people,' he said. 'We are committed to equipping both tech professionals and youth with the skills to confront cyber threats, especially as we enter the era of the Fifth Industrial Revolution.' He warned that technology, if misused, can pose serious threats. However, he reported that the UAE continues to strengthen its ability to detect, monitor, and neutralise cyberattacks. In another session, experts examined cross-border cybercrime. Speakers from the UNODC, FBI, CyberPeace Foundation (India), and Nigerian Police discussed key obstacles to global collaboration. These included legal jurisdiction conflicts, privacy issues, and challenges in evidence collection. Real-world cases were shared to demonstrate how unified global action can succeed. Aviation security risks were also discussed. Europol Commissioner Peter Nilsson cited insider threats, drone attacks, and laser interference as rising dangers. With over 400 commercial airports in Europe alone, he stressed that clear regulations and trained, cyber-aware personnel are vital. 'Every staff member must be cyber-aware,' he noted. The summit also addressed drug trafficking, with a session opening with a short documentary outlining four pillars: prevention, treatment, early detection, and global cooperation. Angela Me, Chief of Research and Trend Analysis at the United Nations Office on Drugs and Crime (UNODC), reported that over 100 million people globally use illicit drugs. She raised concerns over synthetic drugs, calling them a growing threat due to low production costs and high adaptability. She urged for unified global surveys and increased international cooperation. Brigadier Khalid bin Muwaiza, Deputy Director of the General Department for Anti-Narcotics at Dubai Police, echoed this sentiment. He stressed the importance of bridging theory and practice and called for fast, coordinated responses to transnational crime. The summit also featured: A panel on intelligence-led security for global events A major exhibition with over 170 international exhibitors Hosted by Dubai Police in partnership with DXB Live and supported by global entities like the IACP, UNODC, and Europol, the event showcased Dubai's role in shaping global security dialogue.
Yahoo
31-01-2025
- Business
- Yahoo
Trelleborg AB (TBABF) Q4 2024 Earnings Call Highlights: Record Cash Flow and Strategic Growth ...
Organic Sales Growth: 4% increase in Q4. EBITA: Almost SEK1.6 billion, with a margin of 18.1%. Cash Flow: Strongest cash flow quarter ever for the company. Revenue: SEK8.783 billion for the quarter, up 4% from SEK8.421 billion. Net Debt: SEK6.735 billion at the end of the quarter. Return on Capital Employed: 12%. Earnings Per Share: Increased from 4.08% to 4.24% excluding items affecting comparability. CapEx Guidance for 2025: SEK1.650 billion. Restructuring Costs Guidance for 2025: SEK300 million. Amortization of Intangibles Guidance for 2025: SEK650 million. Underlying Tax Rate Guidance for 2025: 25%. Warning! GuruFocus has detected 2 Warning Sign with NXT. Release Date: January 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Trelleborg AB (TBABF) reported a 4% organic sales growth in Q4, driven by increased project sales and successful M&A activities. The company achieved its highest ever EBITA margin for a fourth quarter at 18.1%, indicating improved operational efficiency. Strong cash flow generation was noted, marking the strongest cash flow quarter ever for Trelleborg AB (TBABF). The company successfully integrated several acquisitions, such as the Baron Group, contributing to a significant jump in profitability for the medical solutions segment. Trelleborg AB (TBABF) continues to make progress in sustainability, with a substantial improvement in CO2 emissions and an increase in the share of renewable and fossil-free electricity to 88%. The construction segment remains challenging, particularly in North America, impacting the industrial solutions business area. Organic sales growth was flat in the medical solutions segment, with some inventory reductions at customer sites. Sealing solutions faced a small decrease in organic sales, with core segments like off-highway and construction equipment still experiencing depressed demand. The company anticipates a lower run rate for medical solutions in Q1 2025 due to seasonal factors in China and Australia. Despite strong performance, the company acknowledges uncertainty in certain markets, particularly due to geopolitical factors, which could impact future growth. Q: Can you elaborate on the impact of your investments in greenfields and brownfields on margins as they come on stream in 2025? Also, did the marine projects in industrial solutions come with a positive margin mix? A: Peter Nilsson, CEO: The initial impact of these investments will be minimal on group margins, with some challenges in specific business units. We expect these projects to be well-loaded from the start, minimizing operational issues. Regarding the marine projects, they do not inherently have a better margin but contribute positively due to their volume. Q: Could you provide more details on the underlying market activities, particularly in China, and the strong margin development in medical solutions? A: Peter Nilsson, CEO: We don't see pre-buy activities ahead of potential tariffs. Growth in China is strong, driven by market share gains rather than stimulus. In medical solutions, further margin improvements are not the primary focus; instead, we aim for sales growth through global customer support. Q: Regarding sealing solutions, how do you view the cycle in off-highway construction, and what is the outlook for Q1? A: Peter Nilsson, CEO: We believe we are at the low end of the cycle, with underproduction by OEMs. We expect improvement as inventory levels normalize. For Q1, we anticipate a flattish performance, with slight improvements in LNG marine construction. Q: Can you discuss the momentum in aerospace and how you managed the Boeing issues? A: Peter Nilsson, CEO: Aerospace demand remains strong, with order growth from customers. We managed Boeing issues well due to continued demand for our products. The aftermarket segment is also growing, providing additional opportunities. Q: What are the valuation multiples and profitability of recent bolt-on acquisitions? A: Peter Nilsson, CEO: We typically acquire at single-digit EBITA multiples. These acquisitions generally have lower margins initially but offer synergies that align them with our overall margin over time. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
