Calepin des entreprises international 2026 VA.pdf — page 184

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SAAB 
Business trends
	
 Saab revenues reached SEK 63.8 billion (€5,576 million) in 2024, up 23.5% year-on-year in local currency. 
Growth was driven by increased deliveries, in particular of CB90 NG fast assault craft; AT4, Carl-Gustaf M4 
and NLAW man-portable weapon systems; and 340 Erieye AEW&C aircraft (two second-hand units delivered 
to Poland). With the exception of the predominantly civil Combitech division, defence activities accounted for 
more than 90% of sales in all divisions (92% for the group as a whole in 2024).
	
 In March 2025, Saab signed a letter of intent with the Ukrainian company Radionix to develop Ukraine’s 
expertise in sensors and defence electronics.
Home market
	
 Saab generated 41% of its revenues in Sweden in 2024. The group is the preferred supplier of the Swedish 
Defence Materiel Administration (FMV), particularly for combat aircraft and naval defence, and is to deliver 
sixty JAS 39 Gripen E aircraft (one aircraft was delivered in October 2025) and two Blekinge-class (A26) 
submarines.
	
 The group received SEK 1.6 billion (€140 million) in May 2025 from the FMV to integrate MBDA UK’s Sea Ceptor 
air defence system on the Swedish Navy’s five Visby-class corvettes from early 2026.
	
 The FMV awarded Saab a SEK 1.5 billion (€131 million) contract in June 2025 for the supply of RBS 70 NG 
short-range air defence systems (including Bolide missiles), to be delivered in 2027-2028. These systems are 
intended for integration into military vehicles.
	
 In June 2025, the FMV also ordered 22 CB90 NG fast assault craft from Saab for SEK 900 million (€79 million) 
to replace the vessels sold to Ukraine (around 30 since early 2024).
	
 Saab received several orders in 2025 from the FMV relating to the JAS 39 Gripen fighter aircraft programme: 
a SEK 2.9 billion (€254 million) contract in June for the supply of equipment for existing Gripen C/D aircraft 
and future Gripen E aircraft, and a SEK 4 billion (€350 million) contract in October to continue support and 
maintenance of aircraft already in service in 2026-2027.
	
 In October 2025, the FMV awarded Saab a SEK 9.6 billion (€840 million) contract to continue construction 
of two future Blekinge (A26) conventionally-powered attack submarines, scheduled for delivery in 2031 and 
2033 respectively.
Export markets
	
 Saab’s export sales amounted to SEK 37.6 billion (€3,290 million) in 2024, representing 59% of total sales.
	
 In May 2025, Saab began deliveries to Airbus of its Arexis electronic warfare suite, which will be installed on the 
German Air Force’s 15 Eurofighter Typhoon EK electronic warfare aircraft.
	
 In July 2025, the Ministry of Defence of the Czech Republic awarded Saab a SEK 1.8 billion (€157 million) 
contract for the supply of RBS 70 NG short-range air defence systems and Bolide missiles. These systems will 
be integrated into MARS S-330 4x4 wheeled vehicles from SVOS.
	
 The group won three export contracts in 2025 for its JAS 39 Gripen E/F fighter aircraft: in Peru for 24 units worth 
$3.5 billion (€3.2 billion) in July, in Thailand for four units (three Gripen E and one Gripen F) worth SEK 5.3 billion 
(€464 million) in August, and in Colombia for 18 units worth $1.9 billion (€1.8 billion) in October.
Technology and Innovation
	
 Total R&D expenditure amounted to SEK 10.5 billion (€921 million) in 2024, representing 16.5% of revenues. 
Self-financed R&D expenditure accounted for 4.2% of group revenues.
	
 In August 2025, Saab signed a contract with the FMV to develop a large unmanned underwater vehicle for the 
Swedish Navy, which is expected to begin sea trials in 2026.
STRATEGIC HIGHLIGHTS