Saab Barracuda AB in Gamleby to shed production personnel

Due to weak order bookings, Saab Barracuda AB in Gamleby has today given
notice to 23 employees. The move affects production personnel in

"The dismissals we implemented in the spring were unfortunately
insufficient," says Mats Warstedt, President of Saab Barracuda AB.
"A lot of important customers have decided to postpone their planned
procurement of camouflage and other signature management products, which
means we still have overcapacity. This latest move should be viewed as
an adaptation in line with demand in the industry."

Saab Barracuda AB is located in Gamleby, Sweden, and develops,
manufactures and markets products for multi-spectral protection against
detection and identification through signature management. The company
is a world leader in its field with subsidiaries in five countries, and
representatives and customers in 50 countries.

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

For further information please contact:
Mats Warstedt, President, Saab Barracuda AB,
phone: +46 (0)493 148 00

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