Saab looks to expand in space sector with new partnerships

By Reuters News

HELSINKI, Sept 24 (Reuters) - Swedish defence group Saab SAABb.ST said on Thursday it wants to take a broader role in the space industry by combining technologies and services from different companies into integrated systems, signing cooperation agreements with SSC Space, OHB Sweden and Ericsson.

  • Saab said growing reliance on space-based solutions in communications, navigation, surveillance and early-warning systems was creating business opportunities for Swedish companies.

  • "With space becoming increasingly important for defence and security, Saab wants to contribute to a stronger and more coherent Swedish capability in this domain," Head of Strategy and Technology Marcus Wandt said.

  • The cooperation agreements cover areas including satellite systems, launch infrastructure, ground services, mission support and communications technologies.

  • The companies did not disclose the financial details of the agreements.

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