Saab Receives Order From FMV For Development And Production Of New Lightweight Torpedo

Defence and security company Saab has received an order from the Swedish Defence
Material Administration (FMV) for the development and production of New
Lightweight Torpedo system.The total order value amounts to approximately
SEK1.53 billion and deliveries will take place during the period 2016-2024.
The order comes under the terms of the Letter of Intent (LoI) between Saab and
FMV that was announced on June 9, 2014. The LoI supports the Swedish Armed
Forces’ underwater capabilities for the period 2015-2024.This order connects to
the previous orders from FMV announced in July 2014 and February 2015 for New
Lightweight Torpedo.

“We are proud to have the continued confidence to deliver a new torpedo weapon
system to FMV and the Swedish Navy. Where by this the replacement for Torpedo 45
begins”, says Görgen Johansson, head of Saab business area Dynamics.

“Many of Saabs underwater systems are world leading in its segments and with
this order we are strengthening our position further.”, says Görgen Johansson.

Saab has over the years established a unique experience and expertise in
developing underwater systems, for shallow waters and the types of environments
that exists in the Baltic Sea, including adapted propulsion, communications and
target seekers.

Saab is a longstanding supplier to FMV and has provided underwater solutions for
weapon systems, sensors, autonomous and remotely operated underwater vehicles
and mine hunting.

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

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Saab serves the global market with world-leading products, services and
solutions within military defence and civil security. Saab has operations and
employees on all continents around the world. Through innovative, collaborative
and pragmatic thinking, Saab develops, adopts and improves new technology to
meet customers’ changing needs.

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 20 May 2016 at 14.00 (CET).