Boeing and Saab Sign Joint Development Agreement on T-X Family of Systems Training Competition

| Source: SAAB AB
- Team to Provide a New, Purpose-built Aircraft for Offer to the US Air Force

Boeing and Saab AB have signed a Joint Development Agreement (JDA) to jointly
develop and build a new advanced, cost-efficient T-X Family of Systems training
solution for the upcoming competition to replace the U.S. Air Force’s aging T-38
aircrew training system. The JDA, with Boeing as the prime contractor and Saab
AB as primary partner, covers areas including design, development, production,
support, sales and marketing.
“Teaming with Saab will bring together our companies' formidable technical
expertise, global presence, and willingness to present an adaptable and
affordable advanced pilot training solution,” said Boeing Military Aircraft
President Chris Chadwick. “Boeing and Saab form the foundation for what will be
the strongest, most cost-effective industry team. Our comprehensive Family of
Systems approach provides a new, purpose-built T-X aircraft supported by
innovative training and logistics support to offer total-life-cycle cost
benefits to the US Air Force and taxpayers.”

“Saab is proud to join with Boeing for the T-X competition, thus creating a
highly capable team to deliver unprecedented value to the customer. We are sure
this is the best way to supply affordable first-class trainers to the U.S. Air
Force,” said Saab President and CEO Håkan Buskhe. “We will invest in development
of this completely new aircraft design over the coming years. This cooperation
with Boeing is part of our strategic development and we confirm our long-term
financial targets.”

Boeing and Saab look forward to the upcoming acquisition process, which will
lead to the customer awarding the contract. The U.S. Air Force T-X program will
include aircraft and training that will prepare warfighters for the next 40
years. The Air Force plans to replace the T-38 with a new Advanced Pilot
Training Family of Systems and about 350 aircraft, plus associated ground-based
training systems and logistics and sustainment support.

The trainer solution from Boeing and Saab and other potential team members will
be a newly designed aircraft, built to meet the needs of the USAF.

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. Saab is a $4 billion business with
approximately 14,000 employees in about 35 countries. Follow us on Twitter:

A unit of The Boeing Company, Boeing Defense, Space & Security is one of the
world's largest defense, space and security businesses specializing in
innovative and capabilities-driven customer solutions, and the world’s largest
and most versatile manufacturer of military aircraft. Headquartered in St.
Louis, Boeing Defense, Space & Security is a $33 billion business with 58,000
employees worldwide. Follow us on Twitter: @BoeingDefense.
For further information, please contact:
Saab Press Centre, +46 (0)734 180 018,
Rachelle Lockhart
Boeing Military Aircraft
Office: +1 314-232-4170
Mobile: +1 314-420-8374
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 December 6, 2013 at 08.45.