Bofors Missiles outsource Electronics Production

The Saab Bofors Dynamics business unit, Bofors Missiles AB, and Combitech
Electronics AB have signed a letter of intent regarding the outsourcing of
the electronics production at Bofors Missiles in Karlskoga. Combitech
Electronics is owned by Kitron ASA, a leading Norwegian concern that is
active in the area of contract manufacturing of electronics.

In electronics production there is at present an ongoing rapid structural
change of the market. Through the procurement of Bofors Missiles
electronics production, Kitron will increase its total volume of contract
production in Sweden. In connection with Kitrons procurement the partners
will now enter a long-term working agreement, involving 180 persons.

Bofors Missiles will now concentrate its future investments on its core
activities of development, final assembly and testing missiles at the same
time as activities will be integrated with Saab Bofors Dynamics during the
course of the year.

Saab is Northern Europe's leading high technology company and operates
within the defense and aerospace areas and offers leading-edge products
and systems built on sophisticated information technology. Its business
areas are Infomatics, Aerospace, Dynamics, Technical Support & Services,
Space and Aviation Services.

Kitron ASA had a turnover of MNOK 1200 in 1999. Combitech Electronics AB
forms the Swedish base of the Kitron ASA Concern and for 1999 its turnover
was MSEK 230.

Further information
Håkan Littorin, Vice President Bofors Missiles AB
Tel +46 586 816 80 or mobile +46 70 534 96 10

Please visit for further information
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