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Saab Secures SEK 8.7 Bln Order From TKMS For 4 New German Navy Frigates

SAABY
Infrastructure & DefenseCompany FundamentalsCorporate Guidance & OutlookInvestor Sentiment & Positioning

Saab AB won a contract worth about 8.7 billion Swedish kronor to supply systems for four new German Navy frigates. The award is a positive order-book update that should support near-to-medium-term defense segment revenue visibility, though the news is unlikely to be market-wide.

Analysis

Saab AB won a contract worth about 8.7 billion Swedish kronor to supply systems for four new German Navy frigates. The award is a positive order-book update that should support near-to-medium-term defense segment revenue visibility, though the news is unlikely to be market-wide.

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mildly positive

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