The story
Svenska Aeroplan Aktiebolaget (SAAB)
Saab was founded by AB Bofors in 1937 as Svenska Aeroplan Aktiebolaget (acronym SAAB; lit. 'The Swedish Aeroplane Corporation'), located in Trollhättan, by reforming the aircraft engine division of engineering company NOHAB (Nohab Flygmotorfabrik AB, lit. 'Nohab Aero engine factory'), which had been acquired by Bofors in 1935. Bofors had in recent years been in development with the Swedish Air Force (SAF) to create aircraft weaponry and ordnance and wanted to create an aircraft manufacturing subortinate which could take a monopoly over the SAF's future aircraft orders, a premise supported by the SAF. At the time, however, there already was a competing company formed with this premise in 1931, by the name of ASJA (AB Svenska Järnvägsverkstädernas Aeroplanavdelning, lit. 'The Swedish Railway workshops Aeroplane department'), located in Linköping, which was a successor to Svenska Aero (SA) under Sven Blomberg, head designer of the Svenska Aero Jaktfalken fighter plane. ASJA had solicit Blomberg from Svenska Aero in 1930 and later purchased the company in 1932 along with their portfolio of designs, quickly making them the leading aeroplane manufacturer in Sweden at the time.
Bofors started negotiating with ASJA in 1936 to see if they could enter into a sort of stock sharing consortium lead under a parent company. Such a deal was struck in 1937, with support from the SAF, the parent company being named AB Förenade Flygverkstäder (AFF). To ease future competition, Bofors bought out small competitor E. Sparmanns aircraft workshop, which at the time was developing a modern fighter for the SAF, under the name of Sparmann E4.
Despite the consortium, SAAB in Trollhättan (previously Nohab Flygmotorfabrik AB) still had to compete with ASJA over contracts and the cooperation never came to fruition. While SAAB in Trollhättan got a few contracts, such as license producing the Junkers Ju 86 bomber for the Swedish Air Force (SAF designation B 3) in 1938, ASJA won most of the contracts from the SAF, such as license production of the Hawker Hart (B 4) and Northrop Model 8 (B 5). After ASJA's design bureau produced the winning designs for what eventually became the Saab 17 (ASJA L-10) and Saab 18 (ASJA L-11), beating out AFF/SAAB's competing F.1 and G.1 designs, it was decided in March 1939 to scrap AFF and formally reform ASJA into the SAAB-concern, the Trollhättan factory (previously Nohab) becoming SAAB/T and the Linköping factory (previous ASJA) becoming SAAB/L, the latter becoming headquarters.
The basic initial development was the problems for the Swedish government to get quality military aircraft delivered at the beginning of the Second World War. The final trigger was the inability to get a large number of Seversky P-35 delivered from the United States. From then on the Swedish government focused on establishing domestic production and development of military aircraft which Saab became involved in, a policy that has continued to this day. The first SAAB-developed aircraft was the SAAB 17 light dive bomber (first flight: 1940-05-18), soon followed by the SAAB 18 schnellbomber (first flight: 1942-06-19) and SAAB 21 single-seat fighter (first flight: 1943-07-30), among other developments, the latter being the first aircraft to see service with a modern style ejection seat, using gunpowder to eject instead of compressed air like the contemporary German counterparts.
Originally manufacturing aircraft, the company sought ways in which to diversify its business. Before the Second World War, a majority of cars in Sweden were imported from the United States. The US car manufacturers were producing tanks during the war, and the US domestic market took all the US car production in the late 1940s. Hence there was a large supply shortage of private cars in Europe and Sweden, and buyers were facing waiting lists for years for new cars. In the late 1940s, Saab began manufacturing cars at its Saab Automobile division, based in Trollhättan. The first car was the Saab 92; full-scale production started 12 December 1949, based on the prototype Ursaab. Around 1950 the style "Saab" started being used instead of the all caps "SAAB".
In the late 1950s Saab ventured into the computer market with Datasaab. The company was a result partly of the need to make a computer that would be small enough to mount in an aeroplane as navigational equipment. During the 1960s several computers were developed and sold to European countries, for uses such as banking. The aircraft computer (CK 37) was used in 1971 in the Viggen. The company was sold in 1975 to Sperry UNIVAC, while Saab retained its flight computer development.
Saab AB
In May 1965, the company name was changed to Saab AB to reflect its broad range of activities.
In 1968 Saab AB merged with the Swedish lorry, bus and heavy-duty diesel engine manufacturer Scania-Vabis, and became Saab-Scania AB.
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In 1990 General Motors bought 51% of the car division Saab Automobile, and acquired the rest a decade later.
In 1991 Investor AB completed a leveraged buyout of Saab-Scania AB. Investor AB acquired all the outstanding shares in Saab-Scania for approximately SEK 21 billion. Saab-Scania became a wholly owned subsidiary of Investor AB and the company was de-listed.
In 1995 Saab-Scania was divided by Investor AB into two independent companies, de-merging into Scania AB and Saab AB. The intention by Investor AB was to broaden ownership in the two companies later. Following the sale of 50% of the car division Saab Automobile AB to General Motors, the main reason behind the merger with lorry manufacturer Scania-Vabis in 1968 had disappeared.
Also in 1995 Saab Military Aircraft and British Aerospace (now BAE Systems) formed the joint venture company Saab-BAe Gripen AB, to manufacture, market and support Gripen internationally. This co-operation was extended in 2001 with the formation of Gripen International for the same purpose. From 1998 until 2005, British Aerospace/BAE was the largest shareholder in Saab following its acquisition of a 35% stake from Investor AB. In January 2005, BAE Systems reduced its shareholding to 20%. Investor AB maintained a 20% share.
On 16 November 1999, Saab announced its intention is to purchase Celsius AB and the acquisition was concluded by early March 2000.
In September 2000 United Defense Industries (UDI) purchased Bofors Weapon Systems from Saab (the autocannon and tube artillery interests), while Saab retained the missile interests.
In December 2005 Saab joined the Dassault nEUROn project as a major partner.
In October 2008 the company announced its intention to merge its operations with that of Simrad Optronics. The new unit will develop high-tech optronics products and will be headquartered in Norway, although other details of the new arrangement have not been finalized.
In 2010 the company restructured from fifteen business units into five business areas; Aeronautics, Dynamics, Electronic Defence Systems, Security and Defence Solutions, and Support and Services. According to Saab the restructuring was undertaken to become more market and customer oriented.
In March 2010, BAE Systems sold half of its 20% stake in the company to Investor AB, which then became the major shareholder. In June 2011, the British company sold its remaining stake bringing its 16-year involvement in Saab to an end.
As of August 2020, Investor AB owns a 30.16% stake in the company (39.69% of the voting rights) and is the top owner.
In August 2023, it was announced Saab had acquired the Bedford, UK–based manufacturer of AI-enabled autonomous swarm systems, Blue Bear Research Systems.
In September 2023, it was announced Saab had acquired the San Francisco–headquartered artificial intelligence / machine learning development company CrowdAI.
Aircraft production
The main focus of aircraft production is fighter aircraft. Saab has been making aircraft since the 1930s, and the jet predecessors of the JAS 39 Gripen were the Tunnan, the Lansen, the Draken and the Viggen. The last civilian models made by Saab were the Saab 340 and Saab 2000. Both were mid-range turboprop-powered airliners. The development and the manufacturing of these aircraft is undertaken in Linköping.
In May 2019, Saab announced plans to locate a new U.S. manufacturing operation in Discovery Park District Aerospace on the west side of the Purdue University campus. The facility will do the final assembly of the T-X advanced jet trainer, which is a plane developed by Boeing and Saab for the United States Air Force.
From Wikipedia’s article on Saab AB, shared under CC BY-SA 4.0.5