Celsius: Shared TAURUS order

Shared TAURUS order A formal order has now been placed with Celsius for its portion of the TAURUS project. The order is worth approximately SEK 370 M. Germany's DASA-LFK and Celsius (represented by business unit Bofors Missiles) are collaborating in a joint venture company established to develop, manufacture and market the TAURUS ASM (Air-to-Surface Missile). The ownership ratio is 67 percent (LFK), 33 percent (Celsius). The order for development of the TAURUS KEPD 350 missile, placed by BWB - the German equivalent of Sweden's FMV (Swedish Defence Materiel Administration) - was confirmed in March of this year. For further information, please contact Kjell Göthe, Director Corporate Communications, on + 46 (0)8 - 463 00 19 or + 46 (0)70 - 583 95 44 (mobile). Celsius is an advanced-technology international industrial group, with domestic markets in the Nordic countries, the USA and Australia. Firmly founded on a comprehensive joint technological base, operations focus primarily on three priority areas: Defence, Commercial Aviation Services and Business Development, which currently comprises Materials technology, Explosives and Infomatics. The Celsius Group, with sales of approximately SEK 12 billion, numbers some 11,000 employees. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1998/12/04/19981204BIT00030/bit0001.doc http://www.bit.se/bitonline/1998/12/04/19981204BIT00030/bit0002.pdf