Hägglunds Vehicle AB and AerotechTelub AB

HÄGGLUNDS VEHICLE AB AND AEROTECHTELUB AB
COMBINE FORCES

Hägglunds Vehicle and AerotechTelub have signed a long-term joint
working agreement for armoured combat vehicles. This agreement addresses
the market requirement for new technology solutions and maximises the
advantage of a combined resource to fulfil a broader technical
undertaking.

The Swedish Ministry of Defence and FMV are aiming to transfer a greater
responsibility for the maintenance and technical support of armoured
fighting vehicles to the Swedish defence industry. This will result in
increased technical competence and responsibility across the industry.
Through their new agreement, Hägglunds Vehicle and AerotechTelub will be
able to offer such services to the Swedish MoD.

Working together in this way will enable Hägglunds to purchase
sophisticated technical and development work from AerotechTelub for
current and future development projects, both in Sweden and abroad.

"The agreement will also provide new opportunities for AerotechTelub"
says Jan Eiborn, Managing Director of AerotechTelub. "The Swedish MoD
and Swedish defence industry are two of our major markets for technical
and maintenance work. The anticipated change in MoD policy will have a
significant impact on our industry as we begin to undertake
responsibility for the maintenance of high-tech equipment systems, a
sphere of activity of great interest to us and in which our expertise
and experience is particularly well-suited."

"This agreement means that Hägglunds can now offer the MoD a complete
service, encompassing all aspects of armoured combat vehicle system
maintenance. This will affect vehicles Hägglunds has already delivered,
as well as future vehicle systems. It altogether strengthens our
position as the Nordic leading supplier of military vehicle-based
equipment systems" commented Sven Kågevall, Managing Director of
Hägglunds Vehicle.

For further information, contact:
AerotechTelub AB, Business Development Manager Thomas Eriksson,
+46 13-23 18 44, +46 73-668 80 03

Sven Kågevall President, Hägglunds Vehicle AB
Tel +46 660-801 90

Nils Hörnström Director Public Relations, Hägglunds Vehicle AB
Tel +46 660-806 04, 070-207 48 61

Hägglunds Vehicle AB is wholly owned by Alvis plc. The Hägglunds Vehicle
Group comprises Hägglunds Vehicle AB in Örnsköldsvik, Sweden, Hägglunds
Moelv AS in Norway and a 50% share in Patria Hägglunds OY, Finland. The
Hägglunds Vehicle Group employs around 1000 personnel and has a turnover
of SEK 1.8 billion.
Alvis plc is listed on the London Stock Exchange and is involved with
the design and production of armoured fighting vehicles and other
specialist military vehicles. The Alvis Group turnover in 2000 was £204
million.

The media can choose and download a selection of print-quality images
free of charge from the Hägglunds Vehicle website: www.haggve.se

AerotechTelub is a service company which offers qualified technical
services, maintenance and customer-adapted system solutions within
information technology, electronics and aviation technology for the
military and civil defence, government departments and public
authorities as well as selected sectors of trade and industry.
AerotechTelub, a company in the Saab Group, has 2,600 employees and a
turnover of approximately SEK 2,4 billion. Saab is one of the world's
leading high-technology companies, with its main operations focusing on
defence, aviation and space.

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.


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