The visibility of demand in defense sector is even more difficult to assess today than a mere week ago, Saab CEO Micael Johansson says, at the Munich Security Conference. "But we still see a high demand in the market. I think many European countries will start to think about collaborating to a larger extent and actually spending more, and that will drive demand". Ahead of US Vice President JD Vance's speech at the conference, the Saab CEO says he's listening for how much of own responsibility Europe has to take. Johansson Speaks to Oliver Crook on 'Bloomberg: The Opening Trade."
Micael Johansson is currently President, Chief Executive Officer & Director at Saab AB since 2020. Also holds the positions of President & Chief Executive Officer at Saab UK Ltd. (London) and Director at European Business Leaders' Convention. Formerly served as Director at Saab Australia Pty Ltd. and Director at Aerospace & Defence Industries Association of Europe. Education includes undergraduate studies at the University of Uppsala.
SAAB AB is a world leader in the design, manufacturing and marketing of defense and security systems and equipment for military, space and civil sectors. Net sales break down by family of products and services as follows:
- electronic defense systems (33.3%): radars, sensors, submarine and terrestrial airborne surveillance systems;
- aeronautical systems (26.1%): military aircraft, combat aircraft, avionics, etc.;
- armament equipment and systems (22.5%): military equipment, missile systems, weapon systems, ammunition, armed forces identification systems, camouflage systems, etc. The group also provides security and defense solutions (combat systems, training, simulation, security and communication solutions, air and sea traffic management systems, etc.);
- naval systems (12.9%): submarines, combat ships, underwater mine detection systems, etc.;
- support services (4.2%): provision of services in the areas of systems development, integration and security, information security, communications, technical information, logistics, etc., and technological consulting in the fields of aviation, defense, telecommunications, etc.;
- other (1%).
Net sales are distributed geographically as follows: Sweden (41%), Europe (24.8%), North America (9.6%), Asia (8.4%), Latin America (7.1%), Australia (5.3%), Africa (0.3%) and other (3.5%).
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