Ericsson Signs Contract With Greek Government for ERIEYE Airborne Early Warning Radar System.

STOCKHOLM, Sweden--(BUSINESS WIRE)--July 1, 1999--

Ericsson's airborne early warning radar system, ERIEYE, was originally chosen by Greece's government in December 1998. Today, the parties have signed a final contract to the value of over $475 million.

The contract comprise four systems and deliveries to begin in year 2002. The contract framework also includes an option for two systems. ERIEYE will be used to monitor airspace and the Greek islands. The Greek ERIEYE systems will be carried by Brazilian EMB-145 jet aircraft. All the systems are completely integrated with the prevailing management and communication systems used by NATO.

"It is very satisfying to now have our first contract with a customer from a NATO country. This provides us with a significant head-start for future deals, and a strong market position in the field of airborne early warning radar systems," says Ulf Berg, President Ericsson Microwave Systems.

Apart from Greece, ERIEYE has been sold to Swedish Air Force, and is also in production for Brazil's SIVAM project for surveillance of the Amazonas rain forests.

The contract is an export success for the European industrial collaboration between Ericsson and french company Thomson-CSF. Together with Brazilian aircraft manufacturer Embraer, the companies form a successful industrial consortium.

Ericsson is the leading provider in the new telecoms world, with communications solutions that combine telecom and datacom technologies with freedom of mobility for the user. With more than 100,000 employees in 140 countries, Ericsson simplifies communications for its customers - network operators, service providers, enterprises and consumers - the world over.

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