Meteor wins UK missile competition

Europe's aerospace companies led by Anglo-French joint venture, Matra BAe
Dynamics, yesterday won the battle for the primary missile system to equip
the Royal Air Force's Eurofighter. Saab Dynamics is the Swedish member of
the industrial Meteor team.
Meteor will be developed in collaboration between Britain, Germany, Italy,
France, Spain and Sweden.
Meteor, the most advanced Beyond Visual Range Air-to-Air Missile (BVRAAM),
beat off intense competition from US competitor Raytheon.
Meteor's ramjet technology and advanced seeker capabilities will provide
the RAF and other European air forces with a missile to arm Eurofighter,
JAS 39 Gripen and Rafale with sustained high speed, ultra long range and
agility to defeat all threats for the foreseeable future.
Meteor will further develop the high technology base of the collaboration
nations. Initially, the programme will create and sustain 2,500 jobs
across Europe. With global exports the figure could increase to 5,000.
Anders Andersson, Saab Dynamics' President, said: "This decision is very
important for the Swedish missile industry, recently integrated in
accordance with desires from the Swedish Defence in the Saab business area
Saab Bofors Dynamics. We will now participate in a large European missile
programme and work with high-qualified tasks as partner to the leading
missile companies in Europe. We contribute in our competence areas on
missile system level as well as on sub-system level with development and
production of sensor oriented equipment."

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.

For more information, please contact:
Roland Gäreskog Tfn +46 13 18 63 20
Saab Dynamics

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