Saab receives billion order for an airborne surveillance system

Saab receives billion order for an airborne surveillance system

Defence and security company Saab has received an order for an airborne
surveillance system. The contract amounts to more than 4.5 billion SEK.

The order concerns delivery of the Saab 2000 AEW&C (Airborne Early
Warning & Control) system, which comprises of a Saab 2000 aircraft
equipped with the advanced ERIEYE radar system. The contract also
includes ground equipment as well as logistics and support services.

The surveillance system in combination with the ground equipment provide
a detailed picture of a situation which can be used in connection with,
for example, border surveillance, rescue operations as well as in
combating terrorism and organised crime.

"This contract can be seen as a further confirmation of our strong
position in the world regarding not only the area of airborne
surveillance but in systems integration and data fusion as well, says
Håkan Buskhe," CEO, Saab.  "This surveillance system will provide the
customer with improved solutions for defence and civil security."

Saab's ERIEYE radar system has been well received by the market. The
initial system was provided in a Saab 340 aircraft to the Swedish Air
Force. The Saab 340 system was also purchased by Thailand and the United
Arab Emirates. The radar has been installed in the Embraer 145 as well,
which was delivered to Brazil, Mexico and Greece. The latest platform is
the Saab 2000 with which the system is being supplied also to Pakistan.

Upon customer's request, no further information regarding the customer
will be announced. The industry's nature is such that this type of
information can not always be published.

Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has
operations and employees on all continents and constantly develops,
adopts and improves new technology to meet customers' changing needs.

For further information, please contact:

Saab Press Centre, +46 (0)734 180 018

www.saabgroup.com (http://www.saabgroup.com)

The information is that which Saab AB is required to declare by the
Securities Business Act and/or the Financial instruments Trading Act.
The information was submitted for publication on 4 Oct at 08.00.