Saab signs contract with FMV regarding complete support and maintenance of Helicopter 15

Saab has signed a new contract with the Swedish Defence Materiel Administration (FMV) regarding the support and maintenance of Helicopter 15 (Agusta 109 LUHS), operated by the Swedish Armed Forces. The contract, including options, has a potential order value of around MSEK 900 over 10 years. As part of the contract a first order intake of MSEK 350 has been registered.
The contract extends over a period of 6 years beginning in 2012 with option for additional 2 years and thereafter another 2 years. The contract includes the following:

· Support and maintenance of all 20 helicopters including materiel and technical personnel.
· Base staff in the form of management, planning and administration.
· Logistics and materiel provision.
· On-call services in the form of additional technical personnel.

The contract will come into force following a 10-day period without any third party appeal.

“With this contract, we are consolidating our previous long-standing and strong cooperation with the Swedish Defence Materiel Administration and the Swedish Armed Forces regarding their helicopter operations. For Saab, this strengthens our core business,” says Lars-Erik Wige head of Saab’s Support and Services business area.

The commitment is part of the strategic development within Saab towards a broader civil and military helicopter operation.

“For Saab, this total commitment regarding Helicopter 15 is a significant and vital step in driving development further within this area,” says Torsten Öhman, head of the Customer Alliance Solutions division and responsible for helicopter operations within the Support and Services business area.

Helicopter 15 currently operates from two bases in Sweden, Linköping and Ronneby. Linköping is the main base for maintenance, inspections and repairs, meaning that the majority of Saab’s support and maintenance resources will be based there, including technicians, mechanics and base staff. The base in Ronneby will also have the capacity for flights and limited maintenance, inspections and troubleshooting.

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.

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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 May 5 at 08.30.