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Saab AB ( ($SE:SAAB.B) ) just unveiled an announcement.
Saab has secured a contract in partnership with Scania France to supply 17 Giraffe 1X 3D radars and integrate 16 of them onto Scania V3P tactical vehicle chassis for the French Armed Forces. The deal, which also covers spare parts, training and support, will see deliveries between 2026 and 2027 and involves a joint consortium formed by Saab and Scania France for the contract’s duration.
The Giraffe 1X is a compact, software-based radar used for short and very short-range air defence, counter-drone operations, site protection and marine applications, and can be upgraded to address emerging threats. The order reinforces Saab’s position in the global radar and air defence market and supports France’s efforts to modernize its air defence capabilities, potentially deepening industrial ties between Swedish and French defence sectors.
The most recent analyst rating on ($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 around 28,000 employees and major global operations, Saab focuses on providing technology-driven solutions that strengthen national defence capabilities and support safer, more sustainable societies.
YTD Price Performance: -10.04%
Average Trading Volume: 1,660,601
Technical Sentiment Signal: Buy
Current Market Cap: SEK260.4B
For a thorough assessment of SAAB.B stock, go to TipRanks’ Stock Analysis page.