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Saab AB (SAABb.ST)

SAABb.ST on Stockholm Stock Exchange

363.60SEK
21 Jun 2018
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Latest Key Developments (Source: Significant Developments)

Saab Wins Carl-Gustaf M4 Weapons Order From The Swedish Armed Forces
Friday, 25 May 2018 

May 25 (Reuters) - Saab AB ::SAAB RECEIVES ORDER FOR DELIVERIES OF CARL-GUSTAF M4 TO THE SWEDISH ARMED FORCES.DELIVERY WILL TAKE PLACE DURING 2018.  Full Article

CS Communication & Systemes Selected With Saab By DSNA For Modernization Of Paris Airports
Monday, 18 Dec 2017 

Dec 18 (Reuters) - CS COMMUNICATION & SYSTEMES SA ::SELECTED WITH SAAB BY DSNA.CONSORTIUM OF SAAB AND CS GROUP TO MODERNIZE DSNA AIR TRAFFIC MANAGEMENT SYSTEM AT PARIS-CDG, PARIS-LE BOURGET AND PARIS- ORLY.  Full Article

RAYTHEON AND SAAB PARTNER TO DEVELOP NEW WEAPONS FOR INFANTRY FORCES
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Raytheon Co ::RAYTHEON, SAAB TEAM TO DEVELOP NEW INFANTRY WEAPONS.RAYTHEON - ‍ INITIALLY, CO, SAAB WILL UPGRADE THE CARL-GUSTAF RELOADABLE SHOULDER-LAUNCHED WEAPON SYSTEM ​.RAYTHEON - ‍INITIALLY, CO, SAAB WILL ALSO EXPLORE OPPORTUNITIES TO "ENHANCE" SAAB'S AT4 DISPOSABLE WEAPON SYSTEM ​.  Full Article

Saab Q3 operating profit beats forecast, repeats outlook
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Saab :Says ‍we estimate that sales growth in 2017 will be higher than Saab's long-term financial goal: annual organic sales growth of 5 percent​.Q3 order bookings ‍3,701​ million SEK versus mean forecast 3,143 million in Reuters poll.Says ‍we expect operating margin, excluding material non-recurring items, to improve compared to 2016​.Q3 EBIT ‍388​ million SEK versus mean forecast 326 million in Reuters poll.Says ‍we expect operating margin, excluding material non-recurring items, to improve compared to 2016 and thus company will take a step towards its financial goal: an operating margin of 10 percent​.  Full Article

Saab Q4 operating profit lags forecast
Monday, 13 Feb 2017 

Saab AB : Says board of directors proposes a dividend for 2016 of SEK 5.25 per share (5.00), vs mean forecast 5.56 [nL5N1FU4QW] . Saab ab Q4 order bookings 6,868 million SEK (18,576) . Says we estimate that sales growth in 2017 will be higher than Saab's long-term financial goal: annual organic sales growth of 5 percent . Saab AB Q4 EBIT 960 million SEK (1,347) versus mean forecast 1,132 million in reuters poll . Says we expect operating margin, excluding material non-recurring items, to improve compared to 2016 and thus company will take a step towards its financial goal: an operating margin of 10 per cent .Says in Q4, order bookings were somewhat lower than anticipated, as a major order in airborne surveillance systems was delayed until january 2017.  Full Article

Saab acquires Phaeros Group
Wednesday, 31 Aug 2016 

Saab acquires Phaeros Group: Says Phaeros employs 27 people in Antwerp, Belgium and Chennai, India . Says company will be integrated into business area surveillance, product area maritime traffic management Further company coverage: [SAABb.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

Saab Ab receives ammunition order from U.S. Department of Defense
Thursday, 28 Jul 2016 

Saab Ab :Received ammunition order from U.S. Department of Defense for Carl-Gustaf man-portable weapon system.  Full Article

Saab Q2 operating profit just below forecast, outlook unchanged
Thursday, 21 Jul 2016 

Saab : Saab Q2 EBIT 317 million SEK versus mean forecast 380 million in Reuters poll [nL8N1A11NX] . Says operating margin 2016, excluding material non-recurring items, is expected to be in line with 2015 . Saab Q2 order bookings 6,848 million SEK . Says in 2016, we estimate sales to be in line with Saab's long-term financial goal: annual organic sales growth of 5 percent .Says as a consequence of constrained budgets, Saab is seeing an increase in short-term demand for defence capabilities with cost efficient products and solutions.  Full Article

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Exclusive: Canada could make it harder for U.S. to win fighter bid - sources

OTTAWA Canada is discussing changes to a multibillion-dollar fighter jet procurement process that could make it harder for a U.S. company to win the order as trade relations between the neighbors sour, two sources with direct knowledge of the discussions said.