Saab

Saab AB
Type Public (OMX: SAAB B)
Founded 1937
Headquarters Järfälla, Sweden
Area served Worldwide
Key people Åke Svensson (President) & (CEO)
Marcus Wallenberg (Chairman)
Industry Aerospace and Defence
Products Military aircraft
Military systems
Revenue 23.021 Billion SEK (2007)
Operating income 2.607 Billion SEK (2007)
Net income 1.941 Billion SEK (2007)
Employees 13,757 (2008)
Website www.saabgroup.com

Saab AB[1] is an aerospace and defense company based in Sweden.

Contents

History

"Svenska Aeroplan AB (aktiebolaget)" (Swedish for "Swedish Aeroplane Limited") (SAAB) was founded in 1937 in Trollhättan,[2] with the merger of SAAB and Linköping based ASJA.[3] The headquarters moved to Linköping. The style "Saab" replaced "SAAB" around 1950.[3]

Originally manufacturing airplanes, the company sought ways in which to diversify its business and in the late 1940s began manufacturing automobiles. The Saab Automobile division was based in Trollhättan. The first car was the Saab 92001 on 10 June, 1947. The company soon developed a reputation for safe and reliable automobiles, with a notable competition history.

In the late 1950s Saab ventured into the computer market with Datasaab.[2] The company was a result partly of the need of heavy computational power for the aircraft development to make a computer that would be small enough to mount in an aeroplane as navigational equipment. During the 1960s several successful and advanced systems were developed and sold to several European countries (used in e.g. banking). The aircraft computer (CK 37) was achieved in 1971 in the Viggen. The now less successful commercial-application company was sold in 1975 to Sperry UNIVAC, while Saab retained its flight computer development.

In May 1965, the company name was changed to Saab AB to reflect its broad range of activities.[3] In 1968 Saab AB merged with the truck maker Scania-Vabis,[4] and between 1969 and 1995 the company was called Saab-Scania AB. General Motors bought 51 percent of the automobile division Saab Automobile in 1990, and acquired the rest a decade later.

During changes in company ownership in the 1990s, the company name once again became Saab AB.

Since 1998 the British aerospace company BAE Systems has been the largest shareholder in Saab following its acquisition of a 35% stake from Investor AB by its predecessor, British Aerospace. In January 2005 BAE reduced its shareholding to 20%, which it views as a long term interest. Investor AB also maintains a 20% share. Investor AB hold 38% of the voting rights and is with the other Wallenberg institutions the majority owner.

In October 2008 the company announced its intention to merge its operations with that of Simrad Optronics. The new unit will develop high-tech optronics products and will be headquartered in Norway, although other details of the new arrangement have not been finalized.[5]

Aircraft production

The main focus of aircraft production is fighter aircraft. Saab has been making airplanes since the 1930s, and the purely jet predecessors to the Gripen were the Tunnan, the Lansen, the Draken and the Viggen. The last civilian models made by Saab were the Saab 340 and Saab 2000. Both were mid-range, turboprop-powered, passenger planes. The development and the manufacturing of these airplanes takes place in Linköping, Sweden.

Organisation

Defence and Security Solutions

Systems & Products

Saab AT4 portable anti-tank weapon
Saab 340 with Erieye radar
Saab B 17A
Saab 2000

Aeronautics

Aircraft

Military aircraft

Civil aircraft

Gallery

See also

References

Notes

  1. NOTE: Saab AB is the format found at www.saabgroup.com. SAAB is the Logo, not the current name.
  2. 2.0 2.1 Saab | History and Background: Timeline, Video
  3. 3.0 3.1 3.2 Gunston, Bill (2005). World Encyclopedia of Aircraft Manufacturers, 2nd Edition. Phoenix Mill, Gloucestershire, England, UK: Sutton Publishing Limited. pp. 164. ISBN 0-7509-3981-8. 
  4. History of Saab
  5. Aviation Week & Space Technology Vol 169 No 17, "New Kid on the Block", p. 16

Bibliography

  • MacPhail, Doug and Östberg, Mikael. Triple Crown BT-9: The ASJA/Saab Sk 14, A Pictorial Essay (in English/Swedish). San Josef,BC/Dundee,Ont: DCF Flying Books, 2003.

External links