Saab 2010 Annual Report Download - page 38
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Operations include the development of civil and military
aviation technology at a high level. The product portfolio
includes the Gripen fighter and Unmanned Aerial Systems
(UAS). Aeronautics also manufactures aircraft components
for Saab’s own aircraft as well as passenger aircraft pro-
duced by others.
SALES, INCOME AND ORDERS
Orders received
Orders received in included an order from FMV for six Gripen
aircra intended for the Royal ai Air Force and several orders
concerning development of the Gripen system, including an order
for the integration of the active radar-guided Beyond Visual Range
(BVR) missile, Meteor. An order for a Tactical Unmanned Aerial
Vehicle system (TUAV) was also received from FMV. Airbus re-
ceived orders related to the A programme that resulted in an
increase in order bookings of MSEK for Aeronautics in .
Orders received where the order sum was more than MSEK
represented per cent () of total order bookings.
Sales
Sales decreased by per cent compared to . e decrease is
mainly related to lower project activity levels in major contracts,
such as the Gripen aircra deliveries to ailand and South Africa,
compared to last year.
Markets outside Sweden accounted for per cent () of sales
in .
Income and margin
Protability in improved compared to due the eects
of the reorganisation of Aeronautics, announced lay-os and the
Billion+ programme.
Total restructuring charges of MSEK were taken in .
Operating cash flow
Operating cash ow in improved mainly as a result of advances
received in major projects.
Some projects entered the nal stages of completion in .
When they are completed, it will lead to a reduction in customer
advances and a lower cash ow generation.
AERONAUTICS
26%
SHARE OF SALES
2010, %
2010200920082007
0
2,000
4,000
6,000
8,000
SALES,
MSEK
-2,000
-1,500
-1,000
-500
0
500
2010200920082007 -25
-18
-11
-4
3
10
OPERATING INCOME
AND MARGIN
Operating income, MSEK Margin, %
SAAB ANNUAL REPORT 2010 35
SAAB’S BUSINESS AREAS > SAAB’S BUSINESS AREAS