Saab wins contract in Great Britain worth several billion SEK

Today, Lord Bach, the British Minister for Defence Procurement,
announced at a press conference in Glenrothes, Scotland, that Saab
Bofors Dynamics has been appointed as preferred supplier of the Next
Generation Light Anti- Armour Weapon Programme (NLAW) for the British
and the Swedish armies.

The contract, which is subject to final negotiation, is worth about
4.0 billion SEK including development and mass production.
The development will take place mainly in Sweden with production mainly
in Great Britain.

"We are delighted and proud that the British and the Swedish armies have
appointed us
as supplier. It confirms that we are world leaders in the area of light
anti-armour weapons", said Ingemar Andersson CEO for Saab Bofors

The contract is for joint development in order to meet both Great
Britain and Sweden's requirements, with mass production for Great
Britain. Sweden has an option for varying production quantities that
will be taken up later.

The British programme is called the Next Generation Light Anti-Armour
(NLAW) and the Saab Bofors Dynamics product will be called MBT LAW.

Development work will be carried out mainly in Eskilstuna and Karlskoga
in Sweden. A team of 14 British companies, spread throughout Great
Britain, have been formed for production. Final assembly will be done at
Thales Air Defence Ltd., in Belfast, Northern Ireland.

MBT LAW is a light, one-man, anti-armour weapon built on proven
technology from the company's existing BILL 2 and AT4CS products.

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 capabilities in systems

For further information, please contact:
Anders Florenius,
Information manager, Saab Bofors Dynamics AB Phone: +46 586 81223
+46 70 58 23 230

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