Saab wins helicopter contract worth SEK 2 billion

Saab and NHIndustries have today signed a contract regarding the
development and production of a tactical mission system (TMS) for the
new Swedish multi-role helicopter, the NH90, at a value of around SEK 2
billion. In addition to this initial order, the Swedish helicopter deal
will entail further business opportunities for Saab of a similar scope.

"This contract is the result of the broad expertise that exists within
the Saab Group. This is creating new business opportunities, and we have
also strengthened our position as a qualified supplier and business
partner to yet another major international supplier of defence
materiel," says Bengt Halse, President and CEO of Saab AB.

In conjunction with the Nordic Standard Helicopter Program (NSHP)
deciding in September last year to purchase NH90 helicopters,
NHIndustries entered into final negotiations with Saab regarding the
development and production of a Tactical mission system for the Swedish
multi-role helicopter, Helicopter 14. The contract with NHIndustries is
an order worth around SEK 2 billion. In addition, NHIndustries has an
extensive offset commitment in relation to Sweden, where Saab can expect
to obtain further business of the same volume. This offset commitment
lasts until 2009.

Saab will be have systems responsibility for developing the tactical
system (TMS), including development, production and integration of
systems computers, digital maps, registration equipment, AIS
transponders, as well as the acquisition of tactical radar. The
undertaking also includes ground-based evaluation and planning equipment
from Saab. In addition, a new mission and anti-submarine warfare system
will be developed as part of the Tactical System. This will become an
important part of the Swedish Armed Forces' future structure and
management philosophy in order to meet the demands as regards fitting
into the new network-based defence.

At the same time, a separate contract has been signed whereby Saab will
produce 200 forward fuselage for the NH90. This is equivalent to around
two-thirds of the total number of helicopters ordered to date for
Germany, France, Italy, the Netherlands, Portugal and now also for
Sweden, Norway and Finland.

Development and production will take place at Saab Aerospace in
Linköping, SaabTech Systems in Järfälla, Saab Avionics in Jönköping and
Kista, and AerotechTelub in Arboga.

In total, the Swedish Defence Matériel Administration has ordered 18
Helicopter 14s, with the first delivery being made in 2005 and the final
delivery in 2009.

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 capabilities in systems
integration.

For further information, please contact:
Jan Nygren, Saab's Group Management Phone: +46 (0)13-18 19 99
Mobile: +46 (0)708-89 47 00
Peter Larsson, Vice-President
Communications and Public Affairs, Saab Phone: +46 (0)13-46 53 393
Aerospace Mobile: +46 (0)709-89 7109

Pictures
Pictures of the NH90 helicopter can be found at www.saab.se Aerospace
Press pictures

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