Saab Signs Data Link Contract in Australia

STOCKHOLM, Sweden--(Business Wire)--
Regulatory News:

The defence and security company Saab (STO:SAABB) has signed a contract with the
Australian Defence Material Organisation to develop a multi-link communication
capability for the ANZAC and Canberra class ships. The order value for Saab is
approximately SEK 195 million, within a project worth approximately SEK 252
million.

The planned contract period is five years, starting from today, and the main
body of work will be done at Saab`s Adelaide facility in Australia. Saab
provides combat systems design expertise within the Royal Australian Navy ANZAC
ship Alliance and to navies globally. Saab already has contracts to upgrade the
ANZAC ships 9LV combat management systems through the Anti-ship Missile Defence
project and the development of combat management systems for the amphibious
ships.

Multi-link communication is a key capability that will be re-used world wide in
Saab`s combat management systems, fighter command and control systems and
similar environments.

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.

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 March 24 at 12.20.

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www.saabgroup.com

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