Saab’s Agreement Regarding Technical And Maintenance Operations For Air Ambulance Comes Into Force

Yesterday, the agreement signed between defence and security company Saab and Scandinavian Air Ambulance Holding AB (SAA) in December 2010 came into force. At the same time, an order in this eight-year contract was received, worth MSEK 225.

The agreement that was signed at the end of last year means that Saab assumes responsibility for SAA’s technical and maintenance personnel and operations for their helicopters and aircraft. Beginning in 2011, the contract is estimated to bring in annual revenues of around MSEK 50 during the contract period.

Scandinavian Air Ambulance conducts its missions today with a fleet of 8 aircraft and 7 helicopters. The company includes a number of Swedish counties and municipalities among its customers, with the majority of contracts based on long-term agreements. Ambulance helicopters may also be used for Search and Rescue (SAR) missions, for example in air, sea and mountain rescues.

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, adapts and improves new technology to meet customers’ changing needs.

www.saabgroup.com (http://www.saabgroup.com/)

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 2 at 14.00.