Saab announces the sale of Celsius Aerotech Inc. to Reliance Aerotech Inc.

Saab announces the sale of Celsius Aerotech Inc. to Reliance
Aerotech Inc.

Saab AB announced today the sale of its wholly owned
subsidiary Celsius Aerotech Inc. to Reliance Aerotech Inc.
with headquarters in USA.

- This is a further step in Saab´s refining its activities
after the procurement of Celsius, said Gert Schyborger, Group
Senior Vice President of Saab.

Celsius Aerotech Inc. with operations in Nashville, Tennessee
and Teterboro, New Jersey, provides comprehensive aircraft
maintenance and modifications, aircraft painting and overhaul
and repair of numerous aircraft components for the regional and
corporate market. Celsius Aerotech is a designated approved
dealership for many components and airframe manufacturers.

Reliance Aerotech Inc. with operations in the USA and Canada is
an independent provider of technical and maintenance, repair
and overhaul services for the regional, commercial and business
aviation markets. With the new acquisition the Reliance group
of companies has more than 300 000 square feet of hangar and
operations facilities and a workforce of more than 450 people.

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:
Christer Persson, President & CEO, Celsius Aviation Services
phone: +1 703 683 0007 (office)
+1 703 408 9250
(mobile)

www.saab.se.


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