gripen

"The other Saab" doing much better

While Saab Automobiles is in financial chaos, the other Saab - which makes planes and weapons - is making plenty of money.

But there are still not many buyers for the company's flagship product - the Gripen warplane.

Today's quarterly report from Saab is better than what analysts had predicted, even though on Wednesday India's government said they do not want to buy any Gripens. The Saab CEO, Håkan Buskhe, says that he is pleased to see that the Swedish government wants to keep the Gripen as the 'backbone' of this country's air defence system until at least 2040.

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