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Saab AB ( ($SE:SAAB.B) ) has shared an announcement.
Saab AB has secured an order worth approximately SEK 2.5 billion from the Swedish Defence Materiel Administration (FMV) to provide development resources for the Gripen fighter system for the period 2026–2028. The contract covers operation and support of test aircraft and advanced tools, including rigs and simulators, which are critical for verification, validation and the development of new capabilities for Gripen. Saab says the order will ensure its development resources remain efficient, maintainable and rapidly configurable, enabling continuous upgrades of the Gripen system to address current and future threat environments and reinforcing the company’s position as a strategic supplier to Sweden’s defence infrastructure.
The most recent analyst rating on ($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 in aeronautics, weapons, command and control, sensors and underwater systems. With around 27,000 employees and major operations worldwide, Saab plays a key role in the domestic defence capabilities of several nations, focusing on technologies that enhance national security and support a safer, more sustainable world.
Average Trading Volume: 2,312,266
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK262.7B
See more insights into SAAB.B stock on TipRanks’ Stock Analysis page.