Saab wins upgrade contract for the SK60 training aircraft

Saab wins upgrade contract for the SK60 training aircraft

The defence and security company Saab has received an order valued at MSEK 130
from FMV (the Swedish Defence Materiel Administration) for the development and
upgrade of the Armed Forces SK60 training aircraft.

"This is an important order for Saab that will secure additional jobs, both in
terms of workshop and engineering resources.  The upgrade involves the
modernisation of the SK60 aircraft, making them more competitive for many more
years to come," says Lars-Erik Wige, business unit manager, Saab Aerotech.

The order includes the installation of a new GPS, audible altitude and primary
warning signals for the pilot plus the replacement of certain instruments.  The
result is a new aircraft cabin layout in which, for example, the altitude and
speed go from being displayed in metres and kilometers to providing the pilot
with information in feet and knots, just as in today's Gripen system.  The
upgrade will be fully completed by the end of 2011.

The contract follows the Swedish Armed Forces' plans to modernise the SK60
training platform in order to secure its use until 2017. 

In December 2008, Saab and FMV signed a contract whereby Saab, as the main
supplier, was given the responsibility for handling the operation, maintenance,
and readiness of all SK60 aircraft. Through this commitment, Saab ensures that
the system is airworthy and is available for the Swedish Air Force Wings in
accordance with the Armed Forces' requirements.

SK60 is the military designation for the Saab 105, a twin-engine jet aircraft
that first flew in 1963 and that has been used by the Swedish Armed Forces since
1967 for mainly training purposes.

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

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 September 21 at 12:15.