Saab and Serco win order worth EUR 50 million

Saab Training Systems AB, Huskvarna, Sweden and Serco GmbH & Co. KG,
Bonn, Germany, have won the contract for running the German army's
combat training centre GÜZ. Saab Training Systems' part of the contract,
worth EUR 30 million, covers training, technical operations, and support
for all simulation equipment at the facility.

"We are proud to be selected in keen competition with other suppliers to
run Germany's central combat training centre. For our part this means a
broadening of our selection of services, as we will also take care of
other suppliers' systems. We are convinced that GÜZ will be a hub for
European combat training where military personnel from different
countries can easily train with our interoperable solutions," says Johan
Ohlson, CEO for Saab Training Systems.

The German army has purchased Saab's laser simulator systems for
education and training purposes for the past fifteen years and has now
made the decision to outsource all operations and support at GÜZ to
commercial companies. GÜZ (Gefechtübungszentrum Heer) in Altmark will
also be used as a combat training centre by other countries, mainly
within NATO. This new contract means that Saab Training Systems will
take care of operations and support for previously delivered Saab
systems as well as systems from other suppliers. The contract runs from
January 1, 2004, to August 30, 2008.

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

Saab Training Systems develops, manufactures and markets advanced
military training equipment such as laser simulator systems,
instrumented training systems and target equipment, and provides service
and maintenance for delivered systems.

For further information please contact:
Stefan Dahlkild, GE Programme Manager, Saab Training Systems AB, +46
(0)36 38 87 60
Lars Birging, Vice President Marketing, Saab Training Systems AB, +46
(0)36 38 87 06
Anders Jonzon, Communications Manager, Saab Training Systems AB, +46
(0)36 38 81 16

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