Saab Ramping Up Capacity Ahead of Sweden’s NATO Membership

Swedish weapons manufacturer Saab AB said it’s hiring and ramping up production capacity as demand for its products is expected to benefit from a surge in defense spending across Europe as well as the Nordic nation’s pending entry to NATO.

Saab is preparing for an influx of orders by investing in increased capacity and by recruiting the right competences, Chief Executive Officer Micael Johansson said in an interview, while acknowledging that procurement processes in the defense industry tend to “take time before being translated into orders.”