Saab Contracts Boost Orders, Strengthening Outlook

2 months ago

Chloe Malay

"Yeah, it's been a really good week for SA actually. So um it had it won a few new contracts recently which has been really positive. So the latest is a deal to supply Colombia with new fighter jets and that's a contract that is worth 3.1 billion euros. Um the other major orders that it saw in the last uh week is is uh also uh an order for rifles from Denmark and then an order for electronic sensors from from Airbus. So this is very encouraging for the company and as said that this could make SAS the strongest quarter ever for order intake on the back of those recent contracts. Um and that's kind of all really accelerated recently for SAB with Sweden joining NATO back in March 2024 and then also obviously the broader surge in military spending and in military investments that we've seen across Europe and across the world world more generally recently and obviously Saab is a big beneficiary of that. Um last month it had raised it sales guidance for this year as well. Uh so it seemed that it is on a really good and clear trajectory. Um and it's we've seen that reflected in the shares this morning. They were up by quite a lot."

Saab has enjoyed a strong week marked by significant contract wins, including a 3.1 billion euro fighter jet deal for Colombia, rifle orders from Denmark, and sensor orders from Airbus. This robust order intake, supported by Sweden's NATO move and heightened military spending, has led to raised sales guidance and notable share gains.