Saab Bofors Dynamics receives MSEK 200 order

Dutch and Belgian navies choose Remotely-Operated Vehicle (ROV) from
Saab Bofors Dynamics for mine-hunting. The order, which is valued at
approximately MSEK 200, includes further development of the existing
Double Eagle MkII system for increased performance. The order also
includes the integration of an advanced MCM sonar from Thales Underwater
Systems.

" We are very happy about this order," says Mikael Grodzinsky, president
of Saab Bofors Underwater Systems in Motala. "These are the sixth and
seventh countries that have chosen our Double Eagle system. It shows
that we have a competitive product on the market, and one with major
potential for additional orders."

Saab Bofors Dynamics Underwater Systems business unit in Motala has
received an order for the Double Eagle MkIII ROV system from the French
company Thales Underwater Systems. The ROV system is part of an
"Integrated Mine Countermeasure System" (IMCMS) for delivery to the
Dutch and Belgian navies. IMCMS is a joint French/German project
involving two companies, Thales Underwater Systems (main subcontractor)
and STN Atlas Elektronik GmbH (prime contractor). The systems, which are
also known as "Self-Propelled Variable Depth Sonar" (SPVDS), will be
used on board Dutch MCM vessels of the Alkmaar Class and Belgian vessels
of the Flower Class. The systems are to be commissioned into operational
service on an ongoing basis from 2004 to 2008.

The SPVDS system is used to detect and classify sea mines. The vehicle
is powered and controlled via a cable, and can be deployed several
hundred meters ahead of the mine-hunting vessel, thus optimizing the
safety of the vessel and its crew.

Saab Bofors Underwater Systems has had good cooperation with Thales
Underwater Systems in the past. A similar contract for the Double Eagle
MkII ROV system was signed for the French navy in 2000.

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:
Mikael Grodzinsky, President Saab Bofors Underwater Systems AB
Phone: +46 141 22 45 10
+46 73 668 2600

www.saab.se

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