Gripen International awarded contract for Hungarian air force fighters


FMV (The Swedish Defence Materiel Administration) has awarded Gripen
International, owned jointly by Saab of Sweden and the United Kingdom's
BAE SYSTEMS, a contract for the adaptation and support of Swedish Air
Force Gripen swing-role fighters designated for use by the Hungarian Air

Gripen International will manage the contract as prime contractor and
award a number of sub-contracts to ensure the Hungarian requirements are
met. The main sub-contract will be to Saab AB (approx 1 billion SEK) to
adapt the aircraft to Hungarian needs and support the aircraft over the
10 year service period.

The company will be responsible for adapting Swedish Gripen aircraft to
the specification required by the government of Hungary for the
modernization of its air force to meet national and NATO defense needs.
The contractual agreement was signed in Stockholm today.

It follows completion of the 10 year lease contract for 14 Gripen
fighters, signed in Budapest, by Mr Ferenc Bese, ASIB in the Hungarian
Ministry of Defence and Major General Staffan Näsström, FMV

"Swedish Air Force variants of Gripen have already operated successfully
with aircraft from NATO forces in PFP exercises. Our work will ensure
that Hungarian Air Force Gripen fighters are fully NATO compatible and
interoperable and will allow the Hungarian Air Force to maximize its
contribution for NATO's collective defense," said Ian McNamee, managing
director, Gripen International.

Under the government-to-government lease agreement, 14 Gripen fighters
will be delivered to Hungary from Sweden in batches, beginning late
2004. The Hungarian Air Force's Gripen squadron will become fully
operational during 2005.

Initial training of pilots and technicians will be carried out in
Sweden, while UK Government support will provide Hungarian aircrew and
other personnel with English language training and experience of NATO
operations, as required.

For further information please contact:
Marie Aktö, Manager Communications, Phone: +46 13 184216

Gripen International +46 70 989 7110
John Neilson, Vice President Communications, Phone: +44 1252 384795

Gripen International +44 7802 337704

Notes to editors:
Gripen is designed to meet the demands of all current and future
threats, while at the same time meeting strict peace-time requirements
for flight safety, reliability, training efficiency and low operating

Already in service with the Swedish Air Force, which has ordered 204
aircraft (including 28 two-seaters), Gripen has also been ordered by the
South African Air Force (28 aircraft) and has also been selected to meet
the national, NATO and European defense needs of the Czech Republic
which has a requirement for 24.

Gripen International has begun negotiations with the Polish government,
which is looking to procure up to 60 new fighters. An offer has been
submitted to the Brazilian government based on the supply of 24 new
Gripen and a response to the Austrian governments RFP (Request for
Proposals) for 30 new multi-role fighters will be submitted in January
next year.

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