Swedish defense firm Saab reports a 28% rise in Q1 operating profit to 1.19bn SEK, driven by global demand and Sweden's NATO accession.
Swedish defence firm Saab reports a 28% rise in Q1 operating profit to 1.19bn SEK ($109m), driven by strong global demand and Sweden's NATO accession. The company, which competes with Lockheed Martin, Dassault, and BAE Systems, raised its full-year organic sales growth outlook. CEO Micael Johansson highlights shorter lead times as critical due to ongoing geopolitical tensions.
April 26, 2024
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