STOCKHOLM, Feb. 7, 2025 /PRNewswire/ -- Saab presents the full-year results for 2024.

"I am pleased to report that Saab ended 2024 in a strong way. We delivered a better-than-expected organic sales growth, improved our operational performance and generated a positive cash flow. We achieved all this while investing significantly in expansion to meet higher customer demand and strengthening our market position. In the wake of the global geopolitical uncertainty, Saab is committed to being a reliable partner, supporting countries in building their defence capabilities and contributing to increased European defence capacity," says Micael Johansson, President and CEO, Saab.

STOCKHOLM, Dec. 9, 2024 /PRNewswire/ -- Saab has received an order from BAE Systems in support of the U.S. Air Forces in Europe for multiple Giraffe 4A radar systems. The contract value is approximately $48M (525 MSEK). Deliveries will start in 2027.

Giraffe 4A will provide long range surveillance and Air Base Air Defence in a highly mobile package for the U.S. Air Forces in Europe.

"Giraffe 4A is a multi-function radar that provides users a range of surveillance capabilities in support of comprehensive air defense," says Erik Smith, President and CEO of Saab in the U.S. "This system will modernize the U.S. Air Force's expeditionary combat airfield surveillance operations and strengthen sensing capabilities, addressing a critical need overseas."

STOCKHOLM, Oct. 22, 2024 /PRNewswire/ -- Saab presents the results for January-September 2024.

"We continue to see increasing demand as European nations need to replenish their defence stocks, which will require long-term efforts. This is reflected in our strong order intake in the third quarter. We are growing to meet this increasing demand, for example by investing in capacity, automating our production and building new plants. At the same time, we are delivering strong growth and improving our profitability," says Micael Johansson, President and CEO, Saab.

STOCKHOLM, Oct. 10, 2024 /PRNewswire/ -- Saab North America, Inc., a U.S. subsidiary of Saab, has received a subpoena from the U.S. Department of Justice (DoJ). The DoJ has requested information about the Brazilian Government's acquisition of 36 Gripen E/F fighter aircraft for its air force. The contract was signed in 2014.

Brazil's fighter procurement (the FX-2 programme) took place between 2008 and 2014 and Saab was awarded the contract. Saab intends to comply with the request to supply information and to cooperate with the DoJ in this matter.