Business · 2026-10-23 · Morning briefing
Saab's orders triple, buoyed by Ukraine fighter jet deal
Saab, the Swedish defense giant, saw its new orders more than triple in the third quarter, reaching 65.8 billion kronor ($6.6bn) compared to 20.9 billion a year earlier. The surge, which comfortably beat analyst forecasts, was driven by a major contract to supply Gripen fighter jets to Ukraine. The company's sales and earnings also exceeded expectations for the quarter.
The order book reflects broad demand for military hardware. The largest single component was a 24.6 billion kronor deal for 16 Gripen E jets for Ukraine, signed in June. Other major contracts included a 10.1 billion kronor order for GlobalEye surveillance aircraft for an undisclosed customer in the Middle East and an 8.7 billion kronor deal for systems for German frigates.
While the contracts provide an immediate boost to Saab's balance sheet, the hardware itself will take years to deploy. The 16 Gripen jets destined for Ukraine, for instance, are not scheduled for delivery until 2029-2030.
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- Defense giant Saab sees orders triple after Gripen fighter jet deal with Ukraine
- Saab’s Q3 orders triple on Ukraine Gripen E and GlobalEye deals
- Saab beats expectations - order intake more than tripled
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