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Saab Forecasts Sales Growth as Europe's Defense Spending Revives

2015-02-10 22:44:37| Appliances - Topix.net

Saab AB, the Swedish maker of the Gripen fighter jet, forecast sales growth in the medium term as rising geopolitical tensions spur a revival in military spending among its main customers in Europe. Revenue this year will probably increase more than 5 percent, while the operating margin will probably match the 7.1 percent of sales posted in 2014, the Stockholm-based company said in a statement.

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