AB Bofors ( , , ) is a former Swedish arms manufacturer which today is part of the British arms manufacturer BAE Systems. The name has been associated with the iron industry and artillery manufacturing for more than 350 years. History Located in Karlskoga, Sweden, the company originates from the hammer mill "Boofors", which was founded as a royal state-owned company in 1646. The modern corporate structure was created in 1873 with the foundation of Aktiebolaget (AB) Bofors-Gullspång. The Bofors Works was acquired by Johan Eberhard Geijer in 1762. It was then acquired by the latter's brother, Emanuel af Geijerstam. A leading Swedish steel producer by the early 1870s, when steel began to be used for gun manufacture in Sweden, Bofors initially sold cast and forged steel produced by the Siemens-Martin process to Finspång gun works, but soon started to expand into weapons manufacture. The company's first cannon workshop was opened in 1884. Bofors' most famous owner was Alfred Nobel, who owned the company from 1894 until his death in December 1896. Nobel played a key role in reshaping the former iron and steel producer to a modern cannon manufacturer and chemical industry participant. The powder manufacturer AB Bofors Nobelkrut, later an explosives and general organic-chemical producer, was created in 1898 as a wholly owned subsidiary. By 1911, AB Bofors-Gullspång had outcompeted, bought and closed down its Finspång Swedish competitor in cannon manufacture. The company's name was shortened to AB Bofors in 1919. Over the years, the works has been associated with members of various prominent Swedish families, e.g. the Robsahm, Geijer, Lagerhjelm, Mitander, Oxehufvud families. Present ownership In 1999, Saab AB purchased the Celsius Group, then the parent company of Bofors. In September 2000, United Defense Industries (UDI) of the United States acquired Bofors Weapons Systems (the heavy weapons division), while Saab retained the missile interests. The British company BAE Systems acquired UDI and its Bofors subsidiary in 2005, and BAE Systems Bofors is now a business unit of the Swedish subdivision BAE Systems AB, while the Swedish unit Saab Bofors Dynamics is part of Saab AB. Products The name Bofors is strongly associated with the Bofors 40 mm L/60 gun used by both sides during World War II. This automatic cannon is often simply called the Bofors gun and saw service on both land and sea. It became so widely known that anti-aircraft guns in general were often