Saab signs an extension to the Counter-IED training contract with the British Army

LINKÖPING, Sweden--(BUSINESS WIRE)--

Regulatory News:

Defence and Security company Saab SAABB has signed a two year extension for the Collective Counter- Improvised Explosive Device Trainer (CCT) managed service from the UK Ministry of Defence. The order amounts to £ 11.1 million (app. 125 million kronor).

This extension will ensure thatUKmilitary personnel continue to receive the very best C-IED live training capabilities in theUKand abroad. By closely simulating IED events in training, individuals and groups can better react and detect the IED. This extension clearly demonstrates the confidence the UK MoD has in Saab in supporting this life saving training and evaluation.

“It is extremely rewarding to be able to provide training that helps saving lives of men and woman working in a very complex environment. We are also glad to see that more countries are interested in following the example of the UK MoD to provide the best tools possible for the soldiers to perform a dangerous job in the safest possible way,” says Henrik Höjer Managing Director Saab Training & Simulation.

Since November 2010 Saab has supported C-IED training for allUKpersonnel deploying on operations inAfghanistan. In addition Saab provides instrumented live simulation for UK MoD training exercises inKenya,Canadaand theUKmainland.

Saab is proud of its continued support to the UK Armed Forces.

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.

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 16 at 10.00 CET.

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