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    SAAB B   SE0000112385

SAAB AB (PUBL)

(SAAB B)
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Delayed Nasdaq Stockholm  -  11:29:34 2023-02-03 am EST
430.40 SEK   +0.77%
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Saab Receives NLAW Order from the UK

12/07/2022 | 08:46am EST

Saab has reached an agreement with and received an order from the United Kingdom Ministry of Defence for the Next Generation Light Anti-Tank Weapon system (NLAW). The order value is approximately SEK 2.9 billion and deliveries will take place 2023-2026.

NLAW is a shoulder-launched, anti-tank guided missile system that attacks the tank from above.

 "Demand is increasing for anti-tank systems such as NLAW. We look forward to further strengthening our close relationship with the UK and are proud to continue delivering our proven and trusted anti-tank capability," says Saab's President and CEO Micael Johansson.

NLAW combines the simplicity of light anti-armour weapons with the advantages of heavy, crew-operated guided missile systems. With NLAW, a single soldier can take out a heavily-protected modern main battle tank at ranges between 20 and 800 metres.

Further press material about NLAW: www.saab.com/nlaw-presskit

For further information, please contact:

Mattias Rådström, Head of Media Relations
+46 (0)734 180 018

presscentre@saabgroup.com

www.saab.com

Twitter: @Saab
Facebook: @Saab
LinkedIn: Saab
Instagram: Saab

Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 18,000 talented people, Saab constantly pushes the boundaries of technology to create a safer, more sustainable and more equitable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.

The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 7 December 2022 at 14.45 (CET).

https://news.cision.com/saab/r/saab-receives-nlaw-order-from-the-uk,c3678686

https://mb.cision.com/Main/183/3678686/1720897.pdf

https://news.cision.com/saab/i/soldier-with-nlaw,c3121755

https://news.cision.com/saab/i/nlaw-weapon,c3121756

(c) 2022 Cision. All rights reserved., source Press Releases - English

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Analyst Recommendations on SAAB AB (PUBL)
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Financials
Sales 2022 41 546 M 3 954 M 3 954 M
Net income 2022 2 091 M 199 M 199 M
Net Debt 2022 1 009 M 96,0 M 96,0 M
P/E ratio 2022 27,0x
Yield 2022 1,31%
Capitalization 56 962 M 5 421 M 5 421 M
EV / Sales 2022 1,40x
EV / Sales 2023 1,27x
Nbr of Employees 18 762
Free-Float 62,7%
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Mean consensus BUY
Number of Analysts 4
Last Close Price 430,40 SEK
Average target price 475,75 SEK
Spread / Average Target 10,5%
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Managers and Directors
Micael Johansson President, Chief Executive Officer & Director
Christian Carl Peter Luiga Chief Financial Officer & Deputy CEO
Marcus Wallenberg Independent Director
Petter Bedoire Chief Technology Officer
Joakim Westh Independent Director
Sector and Competitors