Bofors Defence receives contract for two additional 57-mm naval guns from Finland

Bofors Defence has received a contract valued at 11 million Euro from Finland for two 57-mm Mk 3 Naval Guns.

This contract provides for the production and installation of 57-mm guns # 3 and # 4 for Finland’s Squadron 2000 Program of patrol ships.

Bofors Defence is already under contract since 2001 for the production of 57-mm guns for ships # 1 and # 2 of the Squadron 2000 class.

This contract provides for the production of the gun systems, training services, spares, and the associated 57-mm 3P ammunition.

The # 3 gun system is scheduled for delivery during 2005, and the fourth gun system is scheduled for delivery during 2006.

“This second contract for our 57-mm naval guns clearly demonstrates the success of the Mk 3 in satisfying Finland’s requirements for its latest naval gun system,” said Magnus Ingesson, President of Bofors Defence AB.

“Plus, the Mk 3 gun is supported by our exceptional 3P ammunition, making this gun and ammo combination the most accurate and lethal weapon in its class.”

The 57-mm Mk 3 Naval Gun System is in service with the navies of Sweden, Finland, Mexico, and the United States.

In the United States, the 57-mm gun system has been selected for service aboard the U.S. Navy’s DD(X) Destroyer class, the U.S. Navy’s Littoral Combat Ship class, and the U. S. Coast Guard’s Maritime Security Cutter – Large (Deepwater Program).

Forward-Looking Statements:
Information in this release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties.

All forward-looking statements included in this release are based upon information available to United Defense Industries, Inc., as of the date of the release, and we assume no obligation to update any such forward-looking statements.

The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences.

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