Emmen, Switzerland: In a ceremony today at RUAG in Emmen, Switzerland, Dr Myriam Meyer Stutz, CEO of RUAG Aerospace, and Mr Ronnie Candemark, Procurement Director at  Saab Aerosystems, signed a deal where Saab Aerosystems appoint RUAG as Single Source supplier for drop tanks to the successful Gripen fighter. At the same time, an initial order for more than 60 export droptanks was announced, at a value of approx. 4 Million Euro, with first deliveries scheduled for August 2007.

Mr Johan Lehander, Managing Director of Gripen International, commented on the contract:
   - We are more than happy of this relationship between RUAG Aerospace and Saab AB, as it is a confirmation of the importance we see in a long-term industrial cooperation with not only a leading Swiss company, but also a blue-chip supplier to the world´s aerospace industry.

Notes to editors:

Gripen is the first of the new generation, multi-role combat aircraft to enter service. Using the latest available technology it is capable of performing an extensive range of air-to-air and air-to-surface operational missions and employing the latest weapons. Gripen, designed to meet the demands of current and future threats, is in service with the Swedish and Czech Republic Air Forces and has also been ordered by the South African and Hungarian Air Forces. The UK Empire Test Pilots´ School (ETPS) is operating Gripen as its advanced fast jet platform for test pilots worldwide.

RUAG Aerospace is a joint stock company under private Swiss law. RUAG Aerospace has worked with manufacturers in many different nations on numerous different systems and has gained considerable experience providing full technical support for the equipment of the Swiss and German Armed Forces. The company now has broad-based expertise in the fields of Research and Development, Manufacturing, Maintenance and Systems-upgrade.

Saab is one of the world´s leading high-technology companies, with its main operations focusing on defense, aviation and space. The group covers a broad spectrum of competence and capabilities in systems integration.

Gripen International, a business unit within Saab, is the Swedish company which acts as a prime contracting organization, responsible for marketing, selling and supporting the Gripen fighter worldwide. Gripen International combines the strength of its international industrial partners, which are among the world's most experienced and respected manufacturers of aerospace and defence equipment.

For further information please contact:
Mr. Anders Annerfalk, Communications Director [Switzerland],
Gripen International
Phone: +46 13 18 48 15 Email: anders.annerfalk@gripen.com

Mr. Andreas Biel, Head of HR & Communication,
RUAG Aerospace
Phone. +41 412 684 045 Email: andreas.biel@ruag.com

Ms Heidi Wendt, Communications Director,
Saab Aerosystems
Phone: +46 13 18 00 17 Email: heidi.wendt@saab.se