Saab Boosts Sales Guidance

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Robert Wall wall@aviationweek.com

The economic downturn has depressed Saab order intake, but in reporting third quarter results, the company was able to boost its full-year sales guidance.

Early in the year, Saab was warning sales might be flat for 2009 compared with 2008 levels, but company CEO Ake Svensson today says that 5% sales growth is expected. In fact, on an organic basis, the company has been broadly ahead of that level, although its defense and security sector has been lagging slightly....

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