SaabTech Vetronics - orders to Switzerland and Finland for SEK 750 million

SaabTech Vetronics fire-control systems - orders to Switzerland and
Finland for SEK 750 million

In the last few days, SaabTech Vetronics has received two orders to supply
the UTAAS fire-control system to the armed forces of Finland and
Switzerland. These orders have an estimated worth in the region of SEK 750
million. The systems will equip the Hägglunds CV 9030 combat vehicle.
Finland has ordered 57 systems and Switzerland a total of 186 systems.

The two projects will be conducted in parallel, with initial delivery
scheduled for the autumn of 2001, and final delivery in the spring of
2005. On completion of the delivery of these systems, the SaabTech
Vetronics fire-control system will have been fitted to a combined total of
950 combat vehicles.

UTAAS (Universal Tank and Anti Aircraft System) is a modular fire-control
system for the vehicle's turret-mounted gun. The system offers the latest
in night-sight technology, featuring an IR camera, and is gyrostabilized
with an independent sight line, ensuring high hit probability against all
types of target.

SaabTech Vetronics AB develops and markets Fire Control Systems,
Battlefield Management Systems and Electronic Warfare Systems for combat
vehicles.

Saab is northern Europe's leading high technology company, mainly active
in the defense, 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.

For further information, please contact:
Björn Hammarberg, President, SaabTech Vetronics Phone: +46 8 580 85625
E-mail: bjha@ infomatics.saab.se +46 70 325 56 25
Fax: +46 8 580 872 62
Guy Hörnfeldt, Director of Communications and PR Phone: +46 8 580 85370
E-mail: guhoe@infomatics.saab.se +46 70 325 53 70
Fax: 08-580 872 16
www.saab.se

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