Article: Switzerland's Ruag Agrees To Buy Saab Space.

[Satellite Today 07-15-08] Saab AB reached an agreement to sell Saab Space to Swiss aerospace and defense company Ruag Holding AG, the companies announced July 15.

Saab announced in December that it was looking to sell its space division, which manufactures digital and microwave electronics and antennas for satellite manufacturers and also supplies payload adapters, separation systems and guidance systems for launch providers.

"Saab Space is well managed and profitable, but we have not been able to reach sufficient synergies with other operations within Saab, and as a result not the desired possibilities of growth and profit," ...

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