Saab Forecasts Sales Growth on European Military Spending
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The Ukraine crisis is set to spur Western rearmament as concerns about Russian aggression prompt governments to boost military budgets and reverse years of diminishing combat capability, arms-maker Saab AB predicated.
In the near term, the heightened tensions will increase demand for more-defensive systems such as anti-tank weapons, anti-aircraft missile batteries and sensors, the Stockholm-based maker of the Gripen jet fighter said today, adding that tender volumes have reached record levels.