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AERO Vodochody and Gripen International sign Joint Working Agreement

A Joint Working Agreement has been signed between AERO Vodochody a.s. (Aero), Gripen International and Saab Czech to establish a mutual cooperation concerning marketing and manufacturing of the L-159 Combat & Training System. According to the agreement, the companies agree to undertake to cooperate both in the marketing and sales of the L-159 and in further development of the L-159. In addition, the agreement aims to further develop manufacturing capabilities of Aero through identifying manufacturing work packages from Saab on a range of projects which will be placed at Aero.

Moreover, the agreement includes design and development studies for upgrades and modifications of both the single and two seat versions of the L-159. The companies will also cooperate in the area of a common logistic support system for the Czech Air Force Gripen fighter aircraft and the L-159 advanced training and light combat aircraft.

"This agreement between Gripen International and AERO Vodochody demonstrates our commitment to a long term relationship with the Czech Republic. The Czech Republic is one of the countries where the Gripen fighter is in service today and this shows that Gripen International has paved the way for this mutual cooperation with Aero," says Johan Lehander, Managing Director Gripen International.

"We are delighted with the new mutual cooperation with Gripen International, which will certainly contribute to our joint success and a long term relationship," says Peter Ondro, President of Aero.

Press release issued by Aero Vodochody a.s. on May 19, 2008

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