SAAB Board Meeting today announces changes in BAE Systems engagement in SAAB
SAAB takes increased marketing responsibility for Gripen fighter aircraft and BAE SYSTEMS intends to reduce its shareholding in SAABIn 1995 SAAB and BAE SYSTEMS created a 50/50 Joint Venture to develop and explore the Gripen Export business. In order to adapt to both external and internal dynamics, this Joint Venture has evolved including the creation of Gripen International as the export marketing organization for Gripen. SAAB and BAE SYSTEMS have jointly decided to develop further the cooperation regarding the Gripen export business. SAAB will take the responsibility for Gripen