Defence and security company Saab presents the results for January-June 2013.
Statement by the President and CEO, Håkan Buskhe:
For the first time since 1998*, the total global defence spending declined in 2012. The challenging market conditions continued during the first half of 2013, particularly in Europe and the U.S. The sequestration in the U.S. hit hard against both the defence sector and other government-funded programmes. As a consequence, our training and air traffic management operations were affected negatively.
To read the full report, please visit the Saab website.