The RUAG technology group posted a satisfactory business
result for 2008. Net sales grew by 9% to CHF 1.5 billion, while EBIT stood at CHF 57 million. Startup costs for future projects and structural changes led to a 25% decline.
The acquisition of Saab Space and Austrian Aerospace was a milestone in RUAG’s history. RUAG is now a major supplier of products for the European space industry, with sites in Switzerland, Sweden and Austria. In projects such as Galileo, RUAG can now offer customers more services from a single source, thus considerably reinforcing its competitive position. However…