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Saab AB ( ($SE:SAAB.B) ) has provided an update.
Saab has secured a SEK 1.1 billion order from Sweden’s Defence Materiel Administration (FMV) for multiple Arthur artillery locating radar systems, including integration into vehicles and long-term support for the Swedish Armed Forces, with deliveries scheduled for 2027. The latest Arthur radars can detect and warn of incoming indirect fire at ranges up to 100 km, track numerous projectiles simultaneously, and calculate their points of origin, substantially boosting Sweden’s brigade-level capability for early warning and rapid counter-fire. The agreement also includes 15-year support options and is structured to allow partner nations to join, reinforcing Saab’s position in the global defence radar market and potentially expanding its international customer base for mobile artillery surveillance solutions.
The most recent analyst rating on ($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 AB is a leading Swedish defence and security company that designs, manufactures and maintains advanced systems across aeronautics, weapons, command and control, sensors and underwater systems. With around 27,000 employees and a global operational footprint, Saab plays a key role in the domestic defence capabilities of several nations, focusing on technologies that enhance national security and battlefield awareness.
YTD Price Performance: 118.59%
Average Trading Volume: 2,269,756
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK272.1B
See more data about SAAB.B stock on TipRanks’ Stock Analysis page.