EADS Acquires Australian Aerospace from Saab

Le Bourget, June 2001 - EADS European Aeronautic Defence and Space
Company will increase its industrial presence in Australia with the
acquisition of the defence activities of Hawker Pacific, a Saab Group

EADS will acquire 100 percent of Australian Aerospace Pty Ltd. It is a
result of the hive down of the defence activities of Hawker Pacific of

Australian Aerospace Pty Ltd's assets and operations include its Royal
Australian Air Force P3 Orion maintenance based at Richmond, northwest
of Sydney and Royal Australian Army Caribou maintenance operations based
at Brisbane. It employs 150 people.

Core competencies include complex airframe modifications as well as
extensive maintenance capabilities.

EADS CEOs Philippe Camus and Rainer Hertrich emphasised the importance
of EADS' presence in Australia: "We are glad to welcome Australian
Aerospace into the Group, and we look forward to strong development of
the company both in Australia and export markets."

" Hawker Pacific's sale of the defence section within the company is
part of the work to streamline Saab's operation, and it also benefits
Hawker Pacific's business in Australia", says Gert Schyborger, member of
Saab's executive management.

Gilbert Dangleterre, CEO of EADS Australia Pacific Pty Ltd, regional
subsidiary of EADS International, will be the Managing Director of
Australian Aerospace. Robert Hunter, formerly General Manager of
Airframes at Hawker Pacific, will be the General Manager.
Australian Aerospace will have full access to EADS technology and to the
EADS International network. This will open up a wide range of regional
markets as well as potential export markets.

Additionally, Australian Aerospace will double its activities if
Eurocopter wins the Air 87 competition for the supply of a
reconnaissance helicopter to the Australian armed forces.

"We are pleased to be involved in strengthening Australian aerospace and
defense operations, with the experience and expertise of EADS and
Eurocopter to provide continued quality maintenance support services to
the Australian Defence Force," said Mr. Jean-Francois Bigay, CEO of

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

For further information, please contact
Anders Stålhammar, Press Secretary, Saab AB
+46 13 187175, +46 70 889 7096

Gert Schyborger, Group Senior Vice President, Saab AB
+46 (0)13 184050

Dr. Rainer Ohler, EADS
+ 49 171 3723 197

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