Saab Training Systems wins SEK 448 million contract

The Finnish Defence Forces has awarded Saab Training Systems, of
Huskvarna, Sweden, a contract for Combat Training Systems. The contract
includes two phases that have the potential of exceeding SEK 448
million. The initial phase is for the supply of a Combat Training System
(CTS) and is valued at SEK 228 million. The second, optional phase, is
for the supply of further systems. Negotiations for an additional
contract for the supply of long-term Maintenance and On-Site Support
will be concluded in the first half of 2003.

- Finland has been an important customer for many years and has always
used our simulator systems to be in the forefront of training and
simulation, says Johan Ohlson, president of Saab Training Systems.
- We are very pleased that the Finnish Defence Forces has selected us as
its CTS partner. It confirms that Saab Training Systems is one of the
world leaders in the development and supply of combat training systems.

In fulfilling its contractual obligations, Saab Training Systems will be
assisted by some of the most highly renowned Finnish defence industrial
companies. These cooperative efforts are coordinated under an Industrial
Participation Programme, proposed by Saab Training Systems to the
Finnish Ministry of Defence and agreed upon under a separate contract.

The CTS is a mobile instrumented training system that will allow the
Finnish Defence Forces to conduct realistic exercises and analyse the
performance of its soldiers and units: both factors that are vital when
maintaining military operational effectiveness. The CTS consists of a
comprehensive range of weapon simulators, an integrated communication
system, exercise control capability and all associated facilities.
Deliveries will commence in 2004.

Finland will become the fifth major user of combat training systems
delivered by Saab Training Systems. Other customers are the Armies of
USA, the Netherlands, Norway and Italy. Several other countries are
currently considering the procurement of similar systems.

Saab Training Systems, a subsidiary of Saab, specialises in military
training equipment; laser simulator systems, combat training systems,
visual simulators and target equipment.
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:
Johan Ohlson, President, Saab Training Systems,
phone: +46 36 38 86 01
Lars Birging, Vice President Marketing, Saab Training Systems,
phone: +46 36 38 87 06

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