Saab Signs Gripen Agreement with FMV

Sweden--March 3, 2011: Defense and security company Saab has received an order from FMV (the Swedish Defense Material Administration) regarding the Gripen system for the continuous upkeep of its operative capability. The order is worth MSEK 120.

The order includes technical support, product maintenance, flight test and simulators to ensure the operative capability of the Gripen system. The work will be done during the second quarter of 2011, mainly at Saab facilities in Sweden.

Saab serves the global market with world-leading products, services and solutions ranging from military defense to civil security. Saab has operations and employees on all continents and constantly develops, adapts and improves new technology to meet customers' changing needs.