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Saab AB ( ($SE:SAAB.B) ) has issued an announcement.
Saab has secured a significant order from the Swedish Defence Materiel Administration worth approximately SEK 2.1 billion for the delivery of sensors and command-and-control systems for a ground-based air defence solution for brigades. This contract, set for delivery between 2027 and 2028, aims to enhance Sweden’s air defence capabilities with a highly mobile short-range system, integrating the Giraffe 1X radar and other components. This development strengthens Saab’s position in the defence industry, showcasing its technological prowess in providing advanced defence solutions, and is expected to bolster Sweden’s ability to detect and engage airborne threats effectively.
The most recent analyst rating on ($SE:SAAB.B) stock is a Hold with a SEK498.00 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 leading defence and security company headquartered in Sweden, dedicated to enhancing national safety and security. With a workforce of 26,000, Saab specializes in designing, manufacturing, and maintaining advanced systems across aeronautics, weapons, command and control, sensors, and underwater systems. The company operates globally and contributes significantly to the domestic defence capabilities of several nations.
Average Trading Volume: 2,444,186
Technical Sentiment Signal: Buy
Current Market Cap: SEK242.4B
See more data about SAAB.B stock on TipRanks’ Stock Analysis page.