Gripen International awarded amendment to contract for Hungarian Gripen aircraft

Gripen International awarded amendment to contract for Hungarian Gripen

FMV (The Swedish Defense Materiel Administration) has awarded Gripen
International, owned jointly by SAAB of Sweden and the United Kingdom's
BAE SYSTEMS, an amendment to the contract signed in December 2001 for
the adaptation and support of Hungarian Gripen multi-role fighters
designated for use by the Hungarian Air Force.

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 was signed today with SAAB AB to adapt the
aircraft to meet all Hungarian requirements and support the aircraft
over the 10-year service period. It follows the signing of the enhanced
agreement for 14 Gripen fighters to Hungary, signed in Budapest on 3
February 2003.

"I am pleased to say that we have finalized the contract between FMV and
Gripen International, in relation to the Hungarian contract. We have
also signed a contract with Saab, the content of which provides all
necessary authority for work to commence in support of the customers
stated requirements. The manner in which discussions have been held and
agreement reached has demonstrated a very high level of commitment by
all parties involved in the process" says Gripen Internationals
Procurement Director Phil Humphreys.

The Gripen aircraft will be adapted to meet to the extended
specification required by the government of Hungary for the
modernization of its air force to meet national and NATO defense needs.
The Hungarian Gripen will be equipped with a retractable Air-to-Air
Refueling (AAR) probe, capability to use NATO interoperable weapons
including Laser Guided Bombs (LGBs), an advanced electronic warfare
system, On Board Oxygen Generation System (OBOGS), English language full
color cockpit displays and NATO interoperable communications suit. This
ensures the Hungarian Gripen can operate world wide, from NATO or
dispersed bases, jointly with alliance Air and Ground Forces.

Under the government-to-government agreement, 14 Gripen fighters will be
delivered to Hungary from Sweden in batches during 2006-2007. Initial
training of pilots and technicians will be carried out in Sweden.

Notes to editors:
Gripen International is the company, which acts as a prime contracting
organization, responsible for marketing, selling and supporting the
Gripen aircraft worldwide. SAAB of Sweden and BAE SYSTEMS of the United
Kingdom jointly own Gripen International.

Gripen is the first fourth generation multi-role fighter in service
world-wide, designed to meet the demands of all current and future
threats, while at the same time meeting strict requirements for flight
safety, reliability, training efficiency and low operating costs.

Already in operational service with the Swedish Air Force, which has
ordered 204 aircraft (including 28 dual-seater), Gripen has also been
ordered by the South African Air Force (28 aircraft) and Hungary has
signed an agreement with the Swedish government for 14 Gripen fighters.

For further information please contact:
Marie Aktö, Communications Manager, Gripen International
Mobile: +46 70 989 71 10 Email:

Owe Wagermark, Senior Vice President Communications, Gripen International
Mobile: +46 70 889 60 00 Fax: +46 13 18 0055

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