Danish Defence Acquisition and Logistics Organization Terminate Contract with Saab
STOCKHOLM, Sweden--(Business Wire)-- Regulatory News: The Danish Defence Acquisition and Logistics Organization (FMT), yesterday terminated a contract with Saab (STO:SAABB) regarding a Command and Control System called DACCIS, aimed for the Danish Army. The FMT has also claimed Saab for some DDK 143 million. Development of the current version of DACCIS has been ongoing for three years. During the negotiation of an amendment, Saab and FMT have had different perspectives of the prerequisites, however it's Saab's belief that the amendment now can be implemented according to FMT's specifications and that the development can continue in a dialog with the FMT. Saab does not see any ground to terminate the contract. 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 AB discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 15.50 on February 26, 2008. This information was brought to you by Cision http://newsroom.cision.com Saab AB Peter Larsson, +46 8 463 00 18, +46 734 18 00 18 Saab Press Secretary peter.larsson@saabgroup.com www.saabgroup.com Copyright Business Wire 2008
