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Arms maker Saab posts record sales as Europe rearms

Swedish defence group Saab reported soaring first quarter earnings and record sales.
Geopolitical tensions and the 2022 invasion of Ukraine increased European military budgets.
This increased spending creates a new market reality for the defence industry.
First quarter net profit rose 53 percent to 1.2 billion kronor, with sales reaching 15.8 billion.
Saab is adapting to this market reality and forecasts 2025 organic sales growth up to 16 percent.

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Clarin

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The history of Saab and the impressive treasures of the automotive industry it houses in its museum

The Saab Museum in Sweden is a testament to the legacy of a brand that merged innovation and design from its first model, the innovative Saab 92, to the iconic Saab 900.

12 hours ago·Buenos Aires, Argentina

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KAKE News

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Arms maker Saab posts record sales as Europe rearms

Swedish defence group Saab on Friday reported soaring quarterly earnings and record sales as European countries beef up their defence capacities amid geopolitical tensions and uncertainties.

2 days ago

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Bloomberg

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Thales Organic Sales Beat Estimates on Robust Defense Demand

Thales SA’s first-quarter sales beat estimates as momentum in its defense division continued, driven mainly by projects for expanding radar production.

3 days ago·United States

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Globo

Saab CEO says he's under pressure to reduce delivery times for defense requests

Sales in the first quarter increased 11% to 15.79 billion Swedish kronor (US$ 1.65 billion), while net income for the period totaled 1.28 billion Swedish kronor

1 day ago·Brazil

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Dagens industri

Saab's profit higher than expected – "strongest ever"

Saab reports higher earnings and stronger order intake than expected for the first quarter. In terms of revenue, the defense company delivered its strongest first quarter ever.

2 days ago

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Science-et-vie.com

Air defence: What is Ground Fire 300, Thales radar that makes a lot of talk?

In the face of a climate of geopolitical tension in Europe, against the backdrop of the Russian-Ukrainian war, the defence market is doing wonderfully well. Every country and every specialized company is going through its innovation which must be presented to the world and especially to its possible rivals. Recently, it was the Frenchman Thales who presented the Ground Fire 300 with an anti-aircraft radar with the capabilities that would fine th…

3 days ago

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