Strategic acquisition by SAAB of US Signature Management business

Strategic acquisition by Saab of US Signature Management business

Saab Barracuda AB has reached a definitive agreement to acquire BAE
SYSTEMS' Signature Management business in North America, thus
strengthening Saab Barracuda's position as a world leader in this line
of business.

Since 1994, BAE SYSTEMS has been engaged in the development, marketing
and production of advanced camouflage for the US Armed Forces under a
technical assistance agreement and manufacturing license agreement with
Saab Barracuda AB. The company employs about 100 people in Signature
Management and has its operations in Lillington, North Carolina.

The acquisition is part of Saab's strategic planning in the high-tech
defence products sector and a logical step in the company's ambition to
grow - organically as well through acquisitions - on both sides of the
Atlantic.

"The deal made today is another step in Saab's strategic development. We
strengthen our presence in the United States, i.e. the market that is
expected to grow fastest when it comes to purchasing advanced high-tech
defence products during the next few years", says Bengt Halse, Saab's
Group President.

Saab Barracuda is not new to the U.S. Defence market, having licensed
camouflage technology, a key ingredient of Signature Management, to U.S.
companies since 1974. This acquisition will now enable Saab Barracuda to
greatly expand its marketing activities in this part of the world and
also provide additional capacity for its production.

"We supplement our existing operations by targeting resources on
development, marketing and production in the United States. Our
immediate presence in the United States will make it possible to further
expand our already strong product portfolio", says Göte Nilsson,
President of Saab Barracuda AB. "We are well prepared for further
development of our core competence and to stay on the cutting edge of
technology, which will result in continued profitability and growth".

Saab Barracuda is located in Gamleby (Sweden) and a member of the Saab
Group's business area Systems and Electronics. Saab Barracuda develops,
produces and markets Signature Management products and services for
protection against detection and identification. The company is a world
leader in its line of business, with subsidiaries in four countries, and
customers and agents in fifty countries.

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:
Göte Nilsson, President, Saab Barracuda AB Phone: +46 493
14800
Åsa Edwardsson, Information Officer, Saab Barracuda AB Phone: +46
493 14811

www.saab.se


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