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Sweden’s Saab on Wednesday said it is creating a new business area that will combine its Aerostructures and Avionics business units as well as a technical consulting arm and ventures portfolio. Saab said the Industrial Products and Services business area will have a business-to-business focus. The company’s five other business areas typically work with government or national authority end-users, the company said. Aerostructures is currently part of the Aeronautics business area while Avionics is part of Electronic Defense Systems. The…
