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Saab AB ( ($SE:SAAB.B) ) just unveiled an announcement.
Saab, the Swedish defence and security group, has secured a SEK 460 million order from Lithuania for its Carl-Gustaf M4 weapon system and associated training equipment, with deliveries scheduled between 2026 and 2029. The deal sits within a newly signed 10-year framework agreement that could rise to SEK 640 million through options, and includes cooperation with the Lithuanian defence industry in line with local regulations.
The contract strengthens Saab’s position in the European defence market and underlines continuing demand for its Carl-Gustaf recoilless rifle, a man-portable, multi-role system designed for modern battlefield needs. By bundling weapons with advanced training solutions, Saab deepens its long-term partnership with Lithuania’s armed forces and reinforces its role as a key supplier of adaptable, soldier-focused capabilities to NATO-aligned states.
The most recent analyst rating on ($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 is a Swedish defence and security company that designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. With about 28,000 employees and major operations worldwide, it plays a key role in the domestic defence capabilities of several nations and focuses on delivering technology that enhances national and societal safety.
Average Trading Volume: 1,663,807
Technical Sentiment Signal: Buy
Current Market Cap: SEK265.6B
For a thorough assessment of SAAB.B stock, go to TipRanks’ Stock Analysis page.