Micael Johansson, CEO of SAAB, announces positive results for the third quarter, with sustained demand for defence products. He emphasised the importance of Europe increasing its autonomy in defence matters. The majority of orders came from outside Europe, notably from Europe and the United States, with a focus on sensors and advanced weapons.
Johansson believes that growth in the defence sector will continue in the long term, regardless of the outcome of the US elections. He believes that Europe must continue to strengthen its defence capabilities, even in the event of de-escalation in Ukraine, in order to respond to an unpredictable security environment.
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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