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Saab Secures EUR 258 Million Arexis System Order for German Eurofighters

Story Highlights
  • Saab specializes in advanced defence systems, providing innovative aeronautics, weapons, and sensor solutions globally.
  • Saab’s approval for a EUR 258 million deal reinforces its role in cutting-edge defence technology for German Eurofighters.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Saab Secures EUR 258 Million Arexis System Order for German Eurofighters

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Saab AB ( ($SE:SAAB.B) ) has shared an announcement.

Saab has received final approval for its second order of the Arexis Electronic Warfare sensor suite, which will equip German Eurofighters. The order includes advanced AI technology developed in partnership with Helsing, marking a major deal valued at approximately EUR 258 million, showcasing Saab’s continued leadership in defence innovation.

The most recent analyst rating on ($SE:SAAB.B) stock is a Buy with a SEK518.00 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 is a Swedish-based leading defence and security company, specializing in the design, manufacture, and maintenance of advanced systems in aeronautics, weapons, command and control, sensors, and underwater systems. With 27,000 employees, the company serves as a key contributor to national defence capabilities across several countries while pursuing technological advancements for a safer and sustainable world.

Average Trading Volume: 2,378,761

Technical Sentiment Signal: Buy

Current Market Cap: SEK258.8B

See more data about SAAB.B stock on TipRanks’ Stock Analysis page.

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