Saab Sees More Missile Orders on Conflicts Such as Ukraine War

Saab is benefitting as countries bordering Russia and Ukraine are stepping up their defenses. The company today announced a 127 million-krona ($15 million) contract from the European Defence Agency for ammunition to Estonia, Latvia, Lithuania, the Czech Republic and Poland.

Saab AB said it’s experiencing a revival in demand at its unit making missile systems and ground-combat arms after years of decline as rising military tension across the globe prompts governnments to boost defense spending.

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