SAAB STORY
Saab is acquiring full control of Ericsson Saab Avionics. Ericsson Microwave Systems has agreed to sell its 49.9% stake in the Swedish joint venture to Saab for $22 million. Created in 1997, Ericsson Saab Avionics employs 750 people and posted sales of $100.7 million in 2000.
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