Saab to sell Optronics Division to FLIR Systems
Saab to sell Optronics Division to FLIR Systems SaabTech Electronics AB announced today that it has signed a letter of intent to sell its Optronics Division to FLIR Systems, Inc. (Nasdaq: FLIR), the world leader in design, manufacture and marketing of thermal imaging and broadcast camera systems. At the same time Saab and FLIR will sign an agreement of cooperation. The SaabTech Optronics Division is a supplier of thermal imaging subsystems for missile and other weapons systems to defense electronic firms throughout Europe. The transaction follows Saabs strategic plan to concentrate on a