Nordic Edition

Sweden’s Saab Is a Big Winner From Europe’s Defense Spending

The company just secured a big German deal and is at the front of the queue for another contract.

Ammunition for the Carl-Gustaf recoilless rifle multi-role weapon system on the Saab stand at the Defence and Security Equipment International 2025 exhibition in London.

Photographer: Jose Sarmento Matos/Bloomberg

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If there’s one company in the Nordic region that looks like a winner from Europe’s race to rearm in the face of Russian aggression, it’s Saab.