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SaabTech-a new company in the Saab Group

SaabTech - a new company in the Saab Group 1st of April Saab Avionics and SaabTech Systems merge and form the company SaabTech. President of the new company, with some 1900 employees and pro forma sales per year of around 3,000 MSEK, is Björn Erman. The products and services of the company - avionics, electronic warfare and decision superiority systems - are key areas for the defence market, both now and in the future. The main office will be at Järfälla but the company will also have operations at Kista, Uppsala, Linköping, Jönköping and Gothenburg in Sweden, at Adelaide in Australia (through the subsidiary Saab Systems Pty) and at Pretoria and Cape Town in South Africa (through the partly owned subsidiaries Avitronics, Logtronics and Grintek Communication). Saab is one of the world's leading high-technology companies, with its main operations focusing on defence, aviation and space. The Group covers a broad spectrum of competence and capability in systems integration. For further information, please contact: Björn Erman, President, SaabTech, phone +46 8 580 851 80, +46 70 554 00 40 Anna Bergenlid, Director, Communications & PR, SaabTech, phone +46 8 580 853 06, +46 70 573 99 42 info@saabtech.se www.saab.se ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/04/01/20030401BIT00990/wkr0001.doc http://www.waymaker.net/bitonline/2003/04/01/20030401BIT00990/wkr0002.pdf