Saab and Airbus sign USD 1 billion agreement

Saab AB and Airbus have today signed a full business agreement for the
Mid and Outer Fixed Leading Edge on the A380 wing. The agreement covers
development and production of the fixed leading edge, and Saab is a risk
sharing partner in the A380 program.
The contract is worth USD 1 billion over the next twenty years.

"We're very pleased to have finalized the contract. It represents a long-
term commitment to an aviation program that Saab has great faith in,"
says Pontus Kallén, the new head of Saab Aerostructures and current head
of Saab Commercial Programs.


Saab has cooperated with Airbus since 1997, and has developed and is
producing components for the A340 - 500/600 and the A320. Cooperation
with respect to the A380 began with concept studies in 1997. Saab is
responsible for the development and production of the Mid & Outer Fixed
Leading Edge for the wing with support from the Swedish National Debt
office in this important industrial effort. The A380 program will be an
important foundation project for Saab Aerostructures for many years to
come.

The first Mid & Outer Fixed Leading Edge for the Airbus A380 was
delivered to Airbus in May 2003. With 31 meters length, this is the
largest single component that Saab hs ever manufactured. The Airbus A380
will be the world's largest passenger aircraft, with capacity for 555
passengers. Its maiden flight is slated for the early 2005, and
deliveries to customers will begin in 2006.

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:
Peter Larsson, Vice President Communications and Public Affairs, Saab
Aerospace phone: +46 (0)13 180018, +46 (0)734 180018
Maria Ottosson, Communications Manager, Saab Aerospace
phone: +46 (0)13 180016, +46 (0)734 180016

www.saab.se


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