Australia orders additional air defence systems from Saab

Saab Bofors Dynamics has received a follow-on order from Australia. Saab
received an order from Australia in May 2003 for the RBS 70 air defence
missile system. Now Saab Bofors Dynamics has secured a follow-on order
for the BOLIDE missile for the RBS 70 system. The order, worth
approximately MSEK 150, means that over a short period of time orders
for the RBS 70 system have been received from the Australian customer
for a total of approximately MSEK 600.

"Naturally we are both proud and pleased that our RBS 70 system is very
successful on the export market. We have been awarded a number of
important contracts despite tough international competition," says
Ingemar Andersson, the President of Saab Bofors Dynamics.

BOLIDE is the latest version of the missile for both the man-portable
RBS 70 system and the mechanized ASRAD-R system, the result of a joint
venture between Saab Bofors Dynamics in Karlskoga and STN Atlas in
Bremen.
The two companies secured a contract with Finland for both systems in
2002.

The current orders secure the level of operations at the Saab Bofors
Dynamics facilities in Karlskoga but are not expected to result in new
recruitment.

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:
Anders Florenius, Vice President, Communications and Public Affairs,
Saab Bofors Dynamics AB

Phone: 070-582 32 30 Mobile Phone: 0586-812 23

www.saab.se

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