Czech Republic recommends Gripen

The Czech evaluation commission for aircraft procurement has today
recommended Gripen to its government ahead of several other competitors.

The Swedish offer constitutes a loan from the Swedish state to the Czech
state.

Today's decision is a stage in the decision-making process ahead of the
Czech government's final decision.

Sweden is offering to loan the Czech Republic 14 new Gripen fighter
aircraft for five or 10 years. The Gripen fighters are fully NATO
interoperable and were originally intended for delivery to the Swedish
Air Force.

If the Czech Republic chooses the Gripen the Swedish state will fully
cover any costs associated with the loan.

If the deal does go ahead, Saab will need to perform some modifications
and support to match Czech requirements, although the aircraft will be
virtually identical to the 39 C standard designed for the Swedish Air
Force.

Gripen International with its owners Saab and BAE Systems have also
offered industrial co-operation equivalent to 150% of the contract
value.

Delivery is planned to begin in the summer of 2005.

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:
Iréne Svensson, Group Senior Vice President, Corporate Communications
and Public Affairs, Saab AB, Phone ++46 (0)734 187130
irene...@saab.se

www.saab.se

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