SAAB, GRINTEK IN JOINT VENTURE

SWEDISH aerospace group Saab said on Monday it would sign a joint venture with South African electronics group Grintek that would boost their combined sales by $25-40 million immediately. Saab will own 49 percent and Grintek 51 percent of the new unit, Saab Chief Executive Bengt Halse told a news conference on the sidelines of the Paris air show. – Reuters