Aerothrust awarded U.S. military contract

Aerothrust Corp., a member of business area Celsius Aviation Services, has
been awarded a new jet engine maintenance contract valued at
§ 110 Million (1020 MSEK). The company, based at Miami Int´l Airport, will
perform heavy maintenance on JT8D Pratt&Whitney jet engines for the US
Navy/Marine Corps C-9, Air Force C-9, T 43-A and C-22B aircraft. These are
airplanes primarily used for the transport of personnel, supplies and
equipment. The engines will be shipped to the company´s Miami plant from
around the country and from military bases in Germany and Japan.

- We are delighted to reach this agreement and continue to expand our
business relations with the US military, says Christer Persson, President
and CEO of Celsius Aviation Services.

Aerothrust employs 260 people and have just completed a successful five
year contract with the US military. The new contract, which is a six-year
agreement, was a result of a competitive bidding process involving several
other jet engine maintenance companies.

Business area Celsius Aviation Services, with headquarters in the USA,
provides commercial and military aircraft maintenance at about thirty
locations around the world. The US operations accounts for about two-
thirds of sales and Europe, Australia/South East Asia the remainder.
Operations cover a wide range of services including engine, component and
aircraft maintenance as well as asset management services and engineering
services related to testcells- and windtunnel technology. Celsius Aviation
Services has reported strong growth over the past five years and has an
annual sale of over 360 MUSD (3000 MSEK) and employs 1450 people around
the world.

Saab is northern Europe's leading high technology company, mainly active
in the defence, aviation and space industry, and offers advanced products
and systems based on sophisticated information technology. The business
areas within Saab are Infomatics, Aerospace, Dynamics, Technical Support
and Services, Space and Aviation Services.

För further information, please contact:
Christer Persson, President and CEO Celsius Aviation Services
Tel. +1 703 683 0007

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