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Saab AB (SAABb.ST)

SAABb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Saab says head of Aeronautics unit steps down
Monday, 6 Mar 2017 02:35am EST 

Saab AB : Says Ulf Nilsson will leave his position as head of business area Aeronautics and thus group management . Says Lennart Sindahl becomes acting head of business area aeronautics and an adjunct member of group management. .Says recruitment of a new head of the business area has begun.  Full Article

Saab acquires Phaeros Group
Wednesday, 31 Aug 2016 06:38am EDT 

Saab acquires Phaeros Group: Says Phaeros employs 27 people in Antwerp, Belgium and Chennai, India . Says company will be integrated into business area surveillance, product area maritime traffic management Further company coverage: [SAABb.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).  Full Article

Saab Ab receives ammunition order from U.S. Department of Defense
Thursday, 28 Jul 2016 08:21am EDT 

Saab Ab :Received ammunition order from U.S. Department of Defense for Carl-Gustaf man-portable weapon system.  Full Article

Saab Q2 operating profit just below forecast, outlook unchanged
Thursday, 21 Jul 2016 01:30am EDT 

Saab : Saab Q2 EBIT 317 million SEK versus mean forecast 380 million in Reuters poll [nL8N1A11NX] . Says operating margin 2016, excluding material non-recurring items, is expected to be in line with 2015 . Saab Q2 order bookings 6,848 million SEK . Says in 2016, we estimate sales to be in line with Saab's long-term financial goal: annual organic sales growth of 5 percent .Says as a consequence of constrained budgets, Saab is seeing an increase in short-term demand for defence capabilities with cost efficient products and solutions.  Full Article

Saab AB says wins support and maintenance order from FMV
Monday, 2 May 2016 03:20am EDT 

Saab AB:Says receives order from FMV regarding support and maintenance for Helicopter 15.Says order valid for the years 2018 and 2019.Says order includes support and maintenance of all 20 helicopters including materiel and technical personnel, base staff in the form of management, planning and administration, logistics and materiel provision as well as on-call services in the form of additional technical personnel and services.  Full Article

Saab AB wins SEK 150 mln Gripen maintenance order in Sweden
Thursday, 10 Mar 2016 07:00am EST 

Saab AB:Receives order for Gripen maintenance support.Says ‍total order value is 150 million​ Swedish crowns.  Full Article

Saab gives guidance on FY 2016, proposes dividend for FY 2015
Wednesday, 10 Feb 2016 01:30am EST 

Saab AB:Says proposes dividend of ‍5.00​ Swedish crowns per share for FY 2015.Paid dividend of 4.75 crowns per share for FY 2014.Says ‍operating margin in FY 2016, excluding material non-recurring items, is expected to be in line with FY 2015​.Says in FY 2016, estimates sales to be in line with Saab's long-term financial goal: annual organic sales growth of 5 percent.  Full Article

Saab wins SEK 106 mln missile order
Wednesday, 13 Jan 2016 09:00am EST 

Saab AB:Saab receives order from NSPA for RBS 70 Bolide missiles.Order value amounts to 106 million Swedish crowns.Deliveries will take place during 2016-2017.  Full Article

Saab to deliver UAV systems to the Swedish Police
Wednesday, 13 Jan 2016 05:00am EST 

Saab AB:Saab to deliver UAV systems to the Swedish Police.  Full Article

Saab AB to deliver training systems to U.S. Army
Tuesday, 12 Jan 2016 09:00am EST 

Saab AB:To provide additional deliveries of laser-based training system for U.S. Army's combat vehicles.Says ‍order value of $32 million was booked by Saab as order intake in December 2015​.Says contract from 2012 consists further options that can be exercised over a time period of five years with a potential total order value of $90 million.  Full Article

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Former Saab CEO Muller and other executives acquitted of tax and fraud charges

STOCKHOLM, April 7 A Swedish court acquitted former top managers of car maker Saab on Friday of tax evasion and fraud charges relating to their failed attempts to save the iconic Swedish brand which went bust in 2011.