Saab sees record orders amid global tensions

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2026-02-05T16:09:52+05:00 AFP

Swedish defence group Saab on Thursday said orders had reached record levels in the fourth quarter as geopolitical tensions continued to fuel demand.

Order bookings amounted to 100.1 billion kronor ($11.1 billion) in the last quarter of 2025, up from 17.6 billion kronor in the period a year earlier.

Saab's order backlog now amounted to 274.5 billion kronor.

"The geopolitical landscape remains in a state of high uncertainty, with tensions in multiple regions around the world," chief executive Micael Johansson said in a statement.

"This continues to underscore the importance of readiness, driving sustained growth in the global market for defence and deterrence capabilities," he said.

Johansson said the company had received several "strategically important orders," including for its Gripen fighter jets from Columbia, two of its GlobalEye aircraft to France and an order for the completion of its A26 submarines from Sweden.

He added that towards the end of the year, Sweden and Saab had been selected to supply Poland with submarines.

For the full year, the company saw order bookings of 168.5 billion kronor, a 74 percent jump from the year before.

Revenue for the full year rose to 79.1 billion kronor from 63.8 billion, and net profit reached 6.3 billion kronor after 4.2 billion in 2024.

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