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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The Swedish Defence Materiel Administration (FMV) and Saab have tested the new Tp 47 lightweight torpedo from small, unconventional platforms, including a Combat Boat 90 and an unmanned surface vessel (USV). These trials aim to assess the torpedo’s compatibility with non-traditional naval craft. The Tp 47 is a next-generation, 400 mm wire-guided torpedo designed for the unique environmental challenges of the Baltic Sea. FMV confirmed collaboration with Saab and the Swedish Armed Forces to explore broader deployment of the torpedo on smaller naval platforms. The initiative reflects Sweden’s efforts to enhance flexibility and capability in littoral warfare. Original news
Saab explores new markets for its live-training simulation
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- 18/12/2024
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Saab’s Training and Simulation unit is expanding its Gamer live-training system to include maritime applications and broaden its user base. At the 2024 I/ITSEC conference in Orlando, Hans Lindgren, Saab’s head of business development, showcased the system’s indirect fire simulation, now ready for deployment to the Royal Netherlands Army. Saab is also enhancing the system to simulate loitering munitions and beyond-line-of-sight weapons, attracting interest from multiple customers. The Gamer system has integrated live drone capabilities, currently used by the British Army for experimentation, with Saab hinting at an upcoming new customer. These advancements highlight Saab’s commitment to providing cutting-edge, realistic […]
Saab Integrates AI Co-Pilot in Gripen E, Reveals Next-Gen Drone Development
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