Arms maker Saab posts record sales as Europe rearms
Swedish defence firm Saab announced a significant surge in quarterly earnings and unprecedented sales, fueled by heightened European defence spending amid geopolitical instability. Despite this growth, uncertainties surrounding US President Trump's tariff policies pose challenges. Saab's net profit jumped 53%, reaching 1.2 billion kronor, with operating profit hitting a record 1.5 billion kronor.
Swedish defence firm Saab announced a significant surge in quarterly earnings and unprecedented sales, fueled by heightened European defence spending amid geopolitical instability. Despite this growth, uncertainties surrounding US President Trump's tariff policies pose challenges. Saab's net profit jumped 53%, reaching 1.2 billion kronor, with operating profit hitting a record 1.5 billion kronor. What's Your Reaction?
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