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Saab AB (SAABb.ST)

SAABb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

RAYTHEON AND SAAB PARTNER TO DEVELOP NEW WEAPONS FOR INFANTRY FORCES
Thursday, 9 Nov 2017 10:45am EST 

Nov 9 (Reuters) - Raytheon Co ::RAYTHEON, SAAB TEAM TO DEVELOP NEW INFANTRY WEAPONS.RAYTHEON - ‍ INITIALLY, CO, SAAB WILL UPGRADE THE CARL-GUSTAF RELOADABLE SHOULDER-LAUNCHED WEAPON SYSTEM ​.RAYTHEON - ‍INITIALLY, CO, SAAB WILL ALSO EXPLORE OPPORTUNITIES TO "ENHANCE" SAAB'S AT4 DISPOSABLE WEAPON SYSTEM ​.  Full Article

Saab Q3 operating profit beats forecast, repeats outlook
Tuesday, 24 Oct 2017 01:30am EDT 

Oct 24 (Reuters) - Saab :Says ‍we estimate that sales growth in 2017 will be higher than Saab's long-term financial goal: annual organic sales growth of 5 percent​.Q3 order bookings ‍3,701​ million SEK versus mean forecast 3,143 million in Reuters poll.Says ‍we expect operating margin, excluding material non-recurring items, to improve compared to 2016​.Q3 EBIT ‍388​ million SEK versus mean forecast 326 million in Reuters poll.Says ‍we expect operating margin, excluding material non-recurring items, to improve compared to 2016 and thus company will take a step towards its financial goal: an operating margin of 10 percent​.  Full Article

Saab Q2 EBIT misses forecasts
Thursday, 20 Jul 2017 01:30am EDT 

July 20 (Reuters) - Saab AB :Q2 order bookings 10,853 million SEK versus mean forecast 10,827 million SEK in Reuters poll.Q2 EBIT 393 million SEK versus mean forecast 448 million SEK in Reuters poll.Says we estimate that sales growth in 2017 will be higher than Saab's long-term financial goal: annual organic sales growth of 5 percent.Says we expect operating margin, excluding material non-recurring items, to improve compared to 2016 and thus the company will take a step towards its financial goal: an operating margin of 10 per cent.  Full Article

Saab wins order worth about SEK 100 mln from U.S. Army
Monday, 10 Jul 2017 08:06am EDT 

July 10 (Reuters) - Saab AB :Saab says wins order worth about SEK 100 million from U.S. Army.Says Saab in cooperation with Lockheed Martin are awarded a contract for training system .Says order value for Saab's part of the contract is approximately MSEK 100 with deliveries taking place between 2017 and 2018.  Full Article

Hanza gets a SEK 16 million order from Saab
Friday, 5 May 2017 02:37am EDT 

May 5 (Reuters) - HANZA AB :HANZA EXPANDS ITS COOPERATION WITH SAAB.RECEIVED ORDER ON COMMUNICATIONS EQUIPMENT FROM SAAB WITH DELIVERY 2017.AGREEMENT COVERS PRODUCTION OF COMPUTER PRODUCTS TO THE INTERNATIONAL MARKET AND HAS A TOTAL ORDER VALUE OF ABOUT SEK 16 MILLION.  Full Article

Saab Q1 operating profit and orders top forecast
Wednesday, 26 Apr 2017 01:30am EDT 

April 26 (Reuters) - Saab AB :Says we estimate that sales growth in 2017 will be higher than Saab's long-term financial goal: annual organic sales growth of 5 per cent..Says we expect operating margin, excluding material non-recurring items, to improve compared to 2016 and thus company will take a step towards its financial goal: an operating margin of 10 per cent.Q1 order bookings 9,701 million SEK versus mean forecast 8,475 million in Reuters poll.Q1 EBIT 492 million SEK versus mean forecast 397 million in Reuters poll.  Full Article

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

BRIEF-CS Communication & Systemes Selected With Saab By DSNA For Modernization Of Paris Airports

* CONSORTIUM OF SAAB AND CS GROUP TO MODERNIZE DSNA AIR TRAFFIC MANAGEMENT SYSTEM AT PARIS-CDG, PARIS-LE BOURGET AND PARIS- ORLY Source text: http://bit.ly/2oGAGVc Further company coverage: (Gdynia Newsroom)