Europes Meteor Missile Team Announces US Partner Agreement with Boeing

Europe's Meteor Missile Team Announces US Partner
Agreement with Boeing
Europe's missiles industry today announced an unprecedented agreement with US
aerospace leader Boeing to create high-tech transatlantic cooperation and open
up a potentially huge export market.

Boeing, the world's biggest aerospace company, becomes the US partner for the
European Meteor team, which is bidding the world's most advanced Beyond Visual
Range Air-to-Air Missile (BVRAAM) in the competition to meet the RAF's
requirement for a weapon to defeat current and future threats. Boeing's
decision to support the programme, which is led by Matra Bae Dynamics (the
50/50 joint venture between British Aerospace and Aerospatiale Matra), is in
line with the increasing globalisation of the high-tech aerospace industry.
The partners are Alenia Marconi Systems, LFK, Casa and Saab Dynamics.

The involvement of Boeing, which is also a key supplier of combat aircraft,
will open access to the US military market - the biggest in the world - and
other operators of Boeing planes around the globe. Meteor can benefit from
access to the US company's expertise in areas such as systems and aircraft
integration and advanced manufacture techniques.

MBD chief executive, Fabrice Bregier, said today: "Boeing's involvement
provides a tremendous opportunity for high-tech transatlantic cooperation in
line with stated US policy. It offers the US the potential to benefit from
European research and development. It will create genuine global competition
and customer choice in the missiles sector."

Alan Garwood, MBD deputy chief executive, added: "This is an opportunity to
deepen transatlantic cooperation in missile development in the way, we read,
was proposed by President Clinton in his recent letter to Tony Blair.
"Importantly, all the technology, systems design authority and Intellectual
Property Rights reside in Europe, giving total freedom to the governments of
the Eurofighter nations to maximise exports. European workshare is unaffected
by today's agreement."

Mike Boyce, vice president international business development for Boeing
Military Aircraft and Missile Systems group, described his company's
participation in the Meteor programme as an excellent market expansion
opportunity and an important step in US and European industries working
together.

"We see our participation on Meteor as an opportunity to expand our business,
apply our core competencies of large-scale systems integration and pursue
transatlantic relationships," Boyce said. "We are exited about the
opportunity of supporting the Meteor team to ensure customers receive the best
solution for their requirements."

Saab AB is active in the aerospace- and defense industry and supplies advanced
products and systems based on sophisticated information technology. The
business areas are Military Aerospace, Space, Training Systems, Commercial
Aircraft and Combitech.


For further information, please contact:
Roland Gäreskog, Communications, Saab Dynamics AB +46 13 18 63 20

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