Saab is accelerating investments to expand production capacity as global military spending remains strong, driven by Russia’s invasion of Ukraine and Middle East security concerns. The company expects high demand for its Gripen E fighter jets, ground combat systems, missile technology, and surveillance products. However, increased investments will strain cash flow, prompting Saab to lower its cumulative cash conversion target for 2023-2027 from 70% to at least 60%. Despite a 44% drop in Q4 2024 order bookings to 17.56 billion kronor ($1.61 billion), sales rose 29% to 20.85 billion kronor, with net profit up 17% to 1.44 billion kronor. Saab raised its organic sales growth target to 18% from 15% for 2023-2027 and expects 12-16% growth in 2025, while also increasing its dividend to 2.00 kronor per share.
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Saab to launch next-generation electronic warfare sensor for naval warfare
- Veiko Lukmann
- 05/11/2024
- 0
Saab has introduced the U/SME-400, a new electronic support measure (ESM) tailored for naval warfare, suitable for both surface and undersea vessels. This system is developed in response to the increasing prevalence of multi-vessel threat scenarios and the complexities of dense radar environments. The U/SME-400 is specifically designed to operate effectively in challenging conditions where radars are becoming smarter and harder to detect. Its dual functionality enhances the capabilities of naval forces, addressing modern electronic warfare challenges. This launch reflects Saab’s commitment to advancing naval defense technology in an evolving battlefield landscape. Original news
Saab unveils new counter-drone trainer, taking lessons from Ukraine
- Veiko Lukmann
- 06/12/2024
- 0
Saab unveiled a new counter-unmanned aerial systems (c-UAS) training system at I/ITSEC in Orlando, designed to enhance soldier preparedness against UAV threats. The system integrates with Saab’s EXCON live tactical training system and employs a MILES-type sensor array on a UAV to simulate aerial threats. Saab spokesperson Magnus Palmer highlighted its cost-effectiveness, describing the module as an add-on to existing training systems. The training capability reflects lessons from the conflict in Ukraine, where drones have been widely deployed by both Ukrainian and Russian forces. This innovation addresses the growing need for anti-drone preparedness in modern warfare. Original news
Saab secures additional mobile air defence order from Lithuania
- Veiko Lukmann
- 08/10/2024
- 0
Lithuania has awarded Saab a $116 million contract to deliver a second Mobile Short-Range Air Defence (MSHORAD) system, building on an initial order from July 2024. The new system will enhance Lithuania’s defense against short-range air threats, with deliveries expected between 2026 and 2029. This deal strengthens Lithuania’s strategic focus on mobility and rapid response, especially important given its proximity to Belarus and Russia’s Kaliningrad exclave. Saab’s MSHORAD system, which combines the Giraffe 1X radar and RBS 70 NG missile system, offers 360-degree situational awareness and is designed for fast deployment. This partnership highlights Lithuania’s growing defense capabilities as it […]