Saab receives order for sight and fire control systems from BAE Systems

Defence and security company Saab has received an order from BAE Systems in
Örnsköldsvik, Sweden, for sight and fire control system UTAAS (Universal Tank
and Anti-Aircraft Sight). The order amount is SEK 110 million.
The contract covers new sight systems, including virtual image displays, and
upgrade and modification of the existing systems on combat vehicle CV9030N, for
the Norwegian Army.

“The order proves that we are a leading provider of sight and fire-control
system for tanks and combat vehicles. We are proud of our cooperation and good
relations with BAE Systems and are looking forward to further develop our
combined offer,” says Gunilla Fransson, Head of business area Security and
Defence Solutions.

The development and production will take place in Sweden. Deliveries are
scheduled for two years starting from August 2012.

UTAAS is a versatile sight and fire-control system for tanks and combat
vehicles. It provides high hit probability against all ground targets, as well
as against helicopters and high‑speed aircraft.

The modular design of UTAAS offers the user a variety of performance options and
upgrading possibilities. The beam paths for all channels go through the same
aperture, offering good system stability and no need for realignment.

The Virtual Image Display (VID) is a compact and rugged multi-purpose display
suitable for i.e. combat vehicles and helicopters. VID consists of a
microdisplay and magnifying optics to create a virtual image.

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

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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 June 28 at 13.30 CET.