Judgement in Saab's favour in DACCIS trial

Judgement in Saab's favour in DACCIS trial

The Maritime and Commercial Court in Copenhagen has in a judgement today
dismissed the Danish Defence Acquisition and Logistics Organization's
(DALO) claim against the defence and security company Saab. According to
the judgement, DALO has been ordered to pay MDKK 32 (about MSEK 40) plus
interest in damages to Saab as well as to reimburse Saab's court costs
by approx. MDKK 5 (about MSEK 6). The background for the judgement is
the cancelled contract for the DACCIS command and control system.

"Saab's opinion is that DALO's claim was unfounded. We now note that the
court share our opinion," says Gunilla Fransson, head of Saab's Security
and Defence Solutions business area.

The background to the trial is that DALO in February 2008 terminated a
contract with Saab for the DACCIS command and control system, phase two,
despite ongoing negotiations for a supplementary agreement. Development
of DACCIS for the Danish Army had been underway since 1998 and work with
the current phase since 2005. According to DALO, DACCIS did not comply
with the specified requirements. DALO therefore terminated the contract
and demanded a refund of the paid amount for the second phase of the
DACCIS agreement.

 

Saab's standpoint has always been that the termination was incorrect
since the development stage of DACCIS obligated DALO to continue the
project. This was confirmed by the Maritime and Commercial Court today.

 

The Maritime and Commercial Court's judgement can be appealed.

Simultaneously with the DACCIS case, the court decided an ordinary
invoice dispute and dismissed Saab's additional claim for approx. MDKK
10.

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 released for publication on 10 September at 11.45.

 

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 released for publication on 10 September at 11.45.

For further information, please contact:
Saab Press Centre, +46 (0)734 180 018
presscentre@saabgroup.com (presscentre@saabgroup.com)
www.saabgroup.com (http://www.saabgroup.com)