Saab AB in industrial partnership with Airbus on A380 programme

Saab AB of Sweden has confirmed its involvement as an industrial partner
in the Airbus A380 superjumbo programme. The Swedish defence, aviation
and space group will undertake a major package of work on the wings for
the new 555-seat Airbus A380 and is also bidding for work on other parts
of the aircraft.

Under an agreement between the two companies, signed in May 2001, Saab
AB will be responsible for the 31 metre long fixed section of A380 mid
and outer wing leading edge. This major package of work involves detail
design, manufacture and assembly.

The package of wing work is potentially worth more than US$1billion over
the next twenty years. Delivery of the first completed section to
Airbus' wing assembly plant at Broughton in North Wales, UK will be in
2003.

Saab AB will be a risk-sharing industrial partner. The 'heads of
agreement' defining terms and conditions, will be turned into a full
business contract during the next few months.

The Swedish defence, aviation and space group has had representatives
working with the A380 Wing aircraft component management team at Airbus
in Filton, England for many months.

As a result of the agreement, Saab's Linköping plant will now begin
detail design work and prepare for production. In addition to some 600
man-years of design activity the production work will build up to employ
around 200 manufacturing staff.

Saab is one of the world's leading high-technology companies, with its
main operations focusing on defence, aviation and space. The group
covers a broad spectrum of competence and capability in systems
integration.

For further information, please contact:
Mr. Peter Larsson
Vice President, Communication and Public Affairs, Saab Aerospace
Phone: +46 070-989 7109, e-mail: peter.larsson@saab.se

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