Missile contract for Saab worth MSEK 450

As a result of its involvement, announced in January 2003, in the METEOR
European air-to-air missile project, Saab Bofors Dynamics has now
received an order from MBDA for development and production of the
proximity fuse.

The order is worth in the region of MSEK 450 with options for further
series production.

"This contract is further proof of Saab Bofors Dynamics' ability to
develop and deliver advanced subsystems for modern missile systems,"
says Gunnar Språng, business unit manager for Air and Sea Missile
Systems.

Saab is one of the world's leading high-technology companies, with its
main operations focusing on defense, aviation and space. The Group
covers a broad spectrum of competence and capability in systems
integration.

For further information please contact:
Gunnar Språng, business unit manager, Saab Bofors Dynamics
tel: +46 (0)13- 18 61 10, +46 (0)70-530 63 95

www.saab.se



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