Latest News for SAABY
Swedish defence group Saab said on Wednesday it had received an order worth around 2.9 billion crowns ($302.99 million) from Sweden for continued work on future military aircraft.
Saab AB benefits from heightened European defense demand, NATO accession, and a strong backlog. Significant capacity expansions in dynamics, especially for NLAW, support scalable growth and margin improvement as automation increases. Big orders in naval should turn around segment margins, and the Gripen continues to gain traction as a more budget option but still a capable platform.
Saab has received an order for two GlobalEye surveillance aircraft from a country in the Middle East region worth 10.1 billion Swedish crowns ($1.04 billion), with deliveries in 2030, the Swedish company said on Monday.
Saab AB (publ) (SAABY) Q2 2026 Earnings Call Transcript
Swedish defense company Saab beat earnings expectations in the second quarter amid booming demand for military equipment. Order backlog amounted to 317.7 billion crowns, up from 197.6 billion a year ago and marking a fifth straight quarter of a growing order book.
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