Defence material maker Saab posts higher profit

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STOCKHOLM (Reuters) – Swedish defence material maker Saab reported a rise in operating earnings for the third quarter and said it had seen continued strong interest in its products as it moved to take advantage of rising military spending in a host of countries.

The company, which focuses on areas such as aeronautics, advanced weaponry and command and control systems, said operating earnings rose to 568 million Swedish crowns ($51.9 million) in the quarter from a year-ago 500 million.

($1 = 10.9449 Swedish crowns)

(This story has been refiled to fix dateline)

(Reporting by Niklas Pollard, editing by Stine Jacobsen)



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