Saab receives contract extension from Airbus

Defence and security company Saab has received a contract extension with Airbus
for the A320-family Aileron for the life of this programme. Based on the current
Airbus order backlog for the A320-family the initial contract is valued at 701
MSEK. Further Airbus sales will lead to additional orders and thereby increase
the total contract value.
Saab has delivered ailerons for the wings of the Airbus A320-family since 2000.
Saab has carried out extensive work aimed at reducing product costs through
innovative new design and manufacturing processes for these composite ailerons.
Saab has developed new state of the art CFRP (carbon-fiber-reinforced polymer)
monolithic technologies and the concept have reduced the number of parts on the
ailerons by over half.

“We are very pleased to have received this contract
which further strengthens the partnership between Saab and Airbus. The renewed
contract shows that we have been successful in our efforts of reducing
production costs through innovative design and manufacturing processes in our
previous deliveries,” says Kjell Johnsson, Senior Vice President and head of
Saab’s Aerostructures operation within business area Aeronautics.

Airbus has
an order backlog of 3,370 aircraft for the A320-family. Today, 40 aircraft are
produced per month, a number that is planned to increase to 42 aircraft per
month in Q4 2012.

Saab has cooperated with Airbus since 1997, and besides
delivering ailerons for the A320 family, Saab also delivers the mid and outer
fixed leading edges for the A380 and the crew entrance door for the A400M
military transport aircraft.

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, presscentre@saabgroup.com

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 April 11 at 10.00.