Saab Establishes a Joint Venture with Indian company QuEST Global Manufacturing

  Saab Establishes a Joint Venture with Indian company QuEST Global
  Manufacturing

Business Wire

LINKÖPING, Sweden -- November 27, 2012

Defence and security company Saab has, together with Indian partner QuEST
Global Manufacturing, established a joint venture to manufacture and supply
assemblies for the commercial aerostructures market. The joint venture, in
which Saab holds per cent ownership, will further strengthen Saab’s position
in the commercial aerostructures market as well as increase Saab’s presence in
India.

Saab develops, industrialises and manufactures complex airframe assemblies for
the world’s leading aircraft manufacturers, such as Airbus and Boeing. In the
coming years Saab aims to grow its commercial aerostructures operations,
through new and existing businesses. The partnership with QuEST Global enables
Saab to leverage QuEST Global’s manufacturing strengths and high knowledge in
machining, helping Saab remain competitive in a global market.

“We anticipate increased production rates during the coming years. This
partnership will provide a cost-efficient and reliable source of assemblies
acting as a complement to Saab’s in-house manufacturing. This is a long-term
commitment in a strategically important market for Saab and it further
establishes Saab as a global actor in the commercial aerostructures market,”
says Kjell Johnsson, Vice President and Managing Director, Aerostructures
within Saab’s business area Aeronautics.

With the establishment of the joint venture, Saab continues to deliver on the
strategic goal to strengthen its presence inIndiain order to achieve
profitable growth.

The new company will be located in Belgaum,Karnataka,India where QuEST Global
has developed a fully operational Special Economic Zone, SEZ, and where QuEST
Global Manufacturing’s operations are located. Facilities for the joint
venture will be built during 2013. Initially it will have approximately 50
employees; however that number is estimated to grow to about 400 in the coming
years.

Aravind Melligeri, Co-Founder and Chairman of QuEST Global comments: “This
joint venture with Saab represents a major step towards the further
development of our aerospace ecosystem within the SEZ at Belgaum. It is a
strategic element in offering our aerospace customers a full range of
manufacturing supply chain solutions while achieving QuEST Global
Manufacturing’s growth objectives through 2016 and beyond. We look forward to
a long and prosperous endeavor with Saab.”

The establishment of a joint venture with QuEST is expected to have no
material effect on Saab's consolidated financial statements in 2012.

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Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has operations
and employees on all continents and constantly develops, adopts and improves
new technology to meet customers’ changing needs.

QuEST Global Manufacturing, a group company of QuEST Global, is a provider of
precision machining, sheet metal fabrication, and assembly solutions to the
Aerospace, Automotive, and Oil & Gas markets. QuEST is leading private sector
Aerospace manufacturing in India through development of an Aerospace
Ecosystem, long term customer and supplier partnerhips, and strategic joint
ventures all operating within the QuEST Global SEZ in Belgaum (Karnataka,
India).

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Contact:

Saab Press Centre
+46734180018
presscentre@saabgroup.com