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Boeing and Saab Sign 787 Cargo Door Package Agreement

21 October 2005

Boeing and Saab Aerostructures of Sweden have signed a contract for the design and manufacture of the large CFRP cargo doors, bulk cargo doors and access doors for the new Boeing 787 Dreamliner.

Saab Aerostructures, will build the doors at its base in Linkoping, Sweden, and will provide three door types, totalling seven doors per airplane. The doors will be made of advanced lightweight carbon-fibre composites.

""We chose Saab Aerostructures for its excellent track record in precision design and manufacturing,"" said Mike Bair, vice president and general manager of the Boeing 787 program. ""Its capabilities in composite aerospace parts were a key factor in our selection. We are thrilled to name Saab as a 787 partner.""

The order value is initially estimated at $100 million. Revenues over the lifetime of the agreement are expected to reach a multi-million dollar level.

""We are proud of the confidence Boeing has shown by selecting Saab Aerostructures for these important work packages, and we are happy to join the 787 partner team. We have a strong confidence in this program and in Boeing's commitment to continue to develop high-quality, innovative aircraft that meet the needs of airlines and passengers,"" said Pontus Kallén, senior vice president and general manager for Saab Aerostructures. ""We are thrilled to be part of Boeing's commitment to innovation and quality.""

Saab Aerostructures has experience in supplying major aerostructures for military as well as commercial aircraft programs. Its contribution to the Boeing 787 strengthens Saab Aerostructures’ presence in the aerostructures market.

Launched in April 2004, the fuel-efficient 787 is a family of three airplanes designed to serve on routes between 3,500 and 8,500 nautical miles (6,500 and 15,700 kilometers). To date the total number of announced orders and commitments for the 787 is 293 airplanes from 23 announced customers.

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.






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