Aerothrust awarded U.S. military contract

Aerothrust awarded U.S. military contract Aerothrust Corp., a member of business area Celsius Aviation Services, has been awarded a new jet engine maintenance contract valued at § 110 Million (1020 MSEK). The company, based at Miami Int´l Airport, will perform heavy maintenance on JT8D Pratt&Whitney jet engines for the US Navy/Marine Corps C-9, Air Force C-9, T 43-A and C-22B aircraft. These are airplanes primarily used for the transport of personnel, supplies and equipment. The engines will be shipped to the company´s Miami plant from around the country and from military bases in Germany and Japan. - We are delighted to reach this agreement and continue to expand our business relations with the US military, says Christer Persson, President and CEO of Celsius Aviation Services. Aerothrust employs 260 people and have just completed a successful five year contract with the US military. The new contract, which is a six-year agreement, was a result of a competitive bidding process involving several other jet engine maintenance companies. Business area Celsius Aviation Services, with headquarters in the USA, provides commercial and military aircraft maintenance at about thirty locations around the world. The US operations accounts for about two- thirds of sales and Europe, Australia/South East Asia the remainder. Operations cover a wide range of services including engine, component and aircraft maintenance as well as asset management services and engineering services related to testcells- and windtunnel technology. Celsius Aviation Services has reported strong growth over the past five years and has an annual sale of over 360 MUSD (3000 MSEK) and employs 1450 people around the world. Saab is northern Europe's leading high technology company, mainly active in the defence, aviation and space industry, and offers advanced products and systems based on sophisticated information technology. The business areas within Saab are Infomatics, Aerospace, Dynamics, Technical Support and Services, Space and Aviation Services. För further information, please contact: Christer Persson, President and CEO Celsius Aviation Services Tel. +1 703 683 0007 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/09/06/20000906BIT00830/bit0001.doc http://www.bit.se/bitonline/2000/09/06/20000906BIT00830/bit0002.pdf

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