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Saab awarded initial $20.2 million delivery order for Camouflage under a potential $1.8 billion 10 year contract


WEBWIRE –

June 14, 2006

Saab Barracuda LLC announced today the award of a $20.2 million delivery order by the U.S. Army to continue production of the company´s Ultra-Lightweight Camouflage Net System (ULCANS). This is the first award in a potential $1.8 billion, 10-year program, for only to contenders of which Saab ambition is to receive more than half the share. The contract is managed by the Army´s Communications and Electronics Command at Fort Monmouth, N.J.

"This is great news for our company" said Dottie Womack, Saab Barracuda LLC´s president. "But more than that, it´s great news for all of our employees and a testament to their dedication and the work they do day in and day out. We´ve always taken pride in our ability to support the U.S. armed forces through the work we do here, and this contract assures us that we´ll be able to continue doing so for many years to come"

Saab Barracuda LLC located in Lillington, NC has been the sole supplier of the net systems to the Army since ULCANS was adopted as the Army´s replacement for its legacy camouflage systems.

The nets constructed by Saab Barracuda LLC provide the U.S. Army with high-tech camouflage which does more than simply allow the Warfighter and equipment to blend in visually with surrounding environments. ULCANS represents the most advanced camouflage technology available on the market today, with multispectral capabilities which provide protection against visual, near infrared, thermal infrared and broadband radar threats.

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 capabilities in systems integration.

For further information please contact:
Marc Barnes, Saab Barracuda LLC
Phone: +1 (910) 814-3080
marc.barnes@barracudaus.com
www.saabgroup.com

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