Gripen Partnership Projects in Hungary to exceed US $575m by Year End

Gripen Partnership Projects in Hungary
to exceed US $575m by Year End

SAAB-BAE SYSTEMS Gripen has today confirmed it will have registered more
than US $575 million in pre-contract offsets with the Hungarian Ministry
of Economy by the end of the current year.

This significant achievement has been made possible through the support of
a Gripen offset trade group, comprising a number of individual companies,
organizations and institutes. Significant activities, which have already
been approved by the Hungarian Ministry of Economy, include:

Electrolux, which has opened a vacuum cleaner factory, a chest freezer
factory plus a research and development center, a new refrigerator factory
and a new logistics center in Jaszbereny.

Ericsson, which has opened a new regional head office and a software
development center and has intensified its co-operation with the Technical
University of Budapest.

AstraZeneca, which has establishes a new regional office with advanced
education facilities in Budaors and has expanded its clinical research
activities in Hungary.

Volvo, which has opened a new regional head office and maintenance
center in Budapest.

Scania, which has established a new head office and maintenance center
in Biatorbagy.

"We are already demonstrating our commitment to producing economic
benefits for Hungary. I am confident we can build on this success to
produce a substantial industrial partnership program that will generate
real long-term benefits for the Hungarian treasury and fully meet
government expectations," stated Torbjorn Edberg, SAAB-BAE SYSTEMS
director, Hungary.

"Procurement of the Gripen fourth-generation multi-role fighter will
enable further economic growth for Hungary and substantial employment
opportunities through industrial partnerships, export promotion and high-
technology transfer among others. The benefits of our Gripen solution go
far beyond those available from any of our competitors."

The industrial sectors and projects upon which the company will focus will
be dependent upon guidance from the Hungarian government, but could
encompass research and development, regional development, the environment,
small and medium-sized enterprises, sub-contractor and information
technology, among others.

For further information please contact:
John Neilson, Vice President Communications, SAAB-BAE SYSTEMS Gripen
Tel.: +44 (0) 1252 384795 Mobile: +44 (0) 802 337704
jo...@baesystems.com

Marie Aktö, Communications Manager, SAAB-BAE SYSTEMS Gripen
Tel.: +46 (0) 13 184216 Mobile: +46 (0) 70 989 7110
m...@saab.se

www.gripen.se

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