Saab Dynamics and BGT will jointly market the Saab RBS15

Anti-Ship Missile
system in Germany

A Memorandum of Understanding signed by the two parties on 24 September 1999
will bring the two European missile producers and their respective countries
closer together. Saab Dynamics and BGT (Bodenseewerk Gerätetechnik GmbH),
already in co-operation within the IRIS-T air-to-air missile consortium, will
now extend their joint activities to naval weapon systems.

In the short term, BGT will support Saab Dynamics in the current marketing of
RBS15 Mk3 as the ASM (Anti-Ship Missile) system for the German Navy's K-130

RBS15 Mk3 is the latest member of the RBS15 family and offers performance that
matches the present and future requirements of the German as well as other
Navies. The system will be available for delivery for the K-130 and also for
the Royal Swedish Navy Visby class.

In the longer term, Saab Dynamics and BGT will also offer the RBS15 Mk3,
utilizing its growth potential, for the planned German F-125 frigate project.

The agreement also stipulates that BGT will be prime for the German workshare
in RBS15 Mk3 and will co-ordinate work placed in Germany in connection with
any procurement of the system for the German Navy.

This MoU between Saab Dynamics and BGT is the latest example of the
strengthened bilateral co-operation between Sweden and Germany that began with
Swedish procurement of the German Leopard 2 Main Battle Tank. The two
companies are also looking for ways of harmonizing both countrie´s future
requirements for an advanced long-range ASM with land-attack capability.

For further information, please contact:
Gunnar Språng, Vice President Naval Systems, phone +46 13 18 61 10
Saab Dynamics AB,
fax +46 13 18 66 74
Rudolf Meller, Director Business Development phone +49 75 51 89-68 63
and Marketing, Bodenseewerk Gerätetechnik
fax +49 75 51 89-62 74

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