Cooperation agreement between Saab AB and Patria Finavitec OY


The Swedish Saab AB (publ) and the Finnish Patria Finavitec Oy of Patria
Group have signed a Memorandum of Understanding concerning co-operation in
penetrating the System and Training markets for military helicopters,
initially in the Nordic countries and later on the European market.

The aim is, assumed positive market penetration, to establish a jointly
owned entity to support helicopter suppliers and their end customers with
competitive operations in respective country for helicopter training and
system work, especially continuous upgrades, mainly performed by new
editions of software. The business concept is built on one joint resource
responsible for joint System and Training requirements with related
training equipment and simulators, engineering rigs, configuration
control, support of airworthiness etc. National resources could focus on
the equipment with needs for daily access or national security.

Saab AB and Patria Finavitec Oy have complementary competencies and
resources; both companies also have considerable experience in long term
business relations with the Defence Forces in the Nordic countries.
Financial and technical synergies are foreseen between helicopter business
and other core businesses of these two companies. The concept offers
advantages such as less financial investments and other resources compared
with similar facilities in each country.

The co-operation is considered to have development opportunities as
regards helicopter purchase projects in the Nordic countries in the near
future, such as the Nordic Standard Helicopter Program, NSHP. Saab AB and
Patria Finavitec Oy are open to discuss with additional partners for the
future development of the concept.

Saab AB is active in the aircraft-, space- and defense industry and
supplies advanced products and systems based on sophisticated information
technology. The business areas are Military Aerospace, Space, Training
Systems, Commercial Aircraft and Combitech.

Patria Industries is a Finnish technology group whose business activities
include defence, aerospace and space, and telecommunications products and
services. Among the most important products and services are aircraft and
helicopter maintenance, aerospace structures and electronic systems,
military and special vehicles, airport snow removal equipment and weapon
systems. Patria Group's annual sales in 1998 totalled up to EUR 178
million and the Group employs over 2000 people. Patria Finavitec Oy,
Patria Finavicomp Oy and Patria Ostermans AB form the Finavitec Business
Group in Patria Group. Patria Finavitec Oy is specialised in the aerospace
and electronic technologies.

Further information
Saab AB Saab AB Patria Finavitec Oy
Ingemar Nycander Rolf Forsell Jukka Holkeri
VP, General Military Director, Strategic VP, Support
Programs and Business Mobile:+358-50-549 4124
Tel. +46 13 181370 Tel +46 13 185497 Tel.+358-3-5809793
Fax +46 13 183420 Fax +46 13 183420

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