Industrial cooperations boost high tech sector
Industrial cooperations are an important aspect of Saab’s international business. For example, Saab may agree with a customer that a certain part of production or development work will be performed in the buyer’s country or that the contract will be linked to industrial, commercial or research-related collaborations.
In many cases, industrial cooperations create strong local ties to the buyer’s country. One example is Saab’s investment in Saab Denel Aerostructures in South Africa, which represents a significant aspect of Saab’s commitment in connection with Gripen’s sale to South Africa. Through its ownership and by providing highly qualified management resources, Saab hopes to help Saab Denel Aerostructures to substantially grow after its recent years of weak economic development.
When this is achieved, it would be a great success for Saab and South Africa as a country. High-tech companies like Saab Denel Aerostructures are important to local demand and long-term access to well-educated labor, while also improving prospects of further research in South Africa.