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Saab AB ( ($SE:SAAB.B) ) just unveiled an update.
Saab and U.S.-based General Atomics Aeronautical Systems have completed the first flight of what they describe as the world’s first unmanned airborne early warning solution, integrating Saab’s new LoyalEye radar with GA-ASI’s MQ-9B unmanned aircraft. The flight, conducted on 19 May at GA-ASI’s Desert Horizon facility in Southern California, launches a months-long test campaign that will culminate in a full capability demonstration later this year.
Building on Saab’s GlobalEye experience and GA-ASI’s long-endurance unmanned platforms, the new system is designed to extend persistence and operational reach for air surveillance missions while keeping crews out of harm’s way. The joint offering will support early detection and warning, long-range tracking and simultaneous monitoring of multiple targets via beyond-line-of-sight and SATCOM links, potentially reshaping airborne early warning concepts as a complementary capability to traditional manned assets.
The most recent analyst rating on ($SE:SAAB.B) stock is a Hold with a SEK527.00 price target. To see the full list of analyst forecasts on Saab AB stock, see the SE:SAAB.B Stock Forecast page.
More about Saab AB
Saab AB is a Sweden-headquartered defence and security company that designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. With 28,000 employees and major operations worldwide, Saab is a key provider of airborne early warning solutions and a core part of several nations’ domestic defence capabilities.
Average Trading Volume: 1,655,051
Technical Sentiment Signal: Buy
Current Market Cap: SEK282.7B
See more insights into SAAB.B stock on TipRanks’ Stock Analysis page.