The company operates in four segments: aeronautics (manufacturing and support of defense and commercial aerial systems), dynamics (combat weapons and defense training), surveillance (security services and traffic management), and Kockums (naval solutions). Over three fourths of Saab's sales are from the defense sector, with over half of its sales coming from Europe.
Cyborg Score Rationale
EBIT increased 67% with a margin of 11.8%, and operational cash flow increased significantly to SEK 6,281m. The company upgraded medium-term targets for organic sales growth to around 22% CAGR through 2027. Strong order bookings and geopolitical tailwinds position Saab well for sustained growth.
Top Insights
Record 2025 order bookings and upgraded 22% CAGR growth targets (2023-2027) signal strong market demand
Diversified portfolio across aeronautics, weapons, surveillance, and naval systems reduces single-segment dependency
Global reach with products sold to 100+ countries and operations in 30+ countries, with European sales dominance
Recent strategic partnerships including Airbus multi-year ailerons contract and Ukraine defense collaboration expand addressable market
Named Competitors
General Atomics — Unmanned systems and defense technology
Rolls-Royce Holdings — Aerospace and defense propulsion systems
Collins Aerospace — Aerospace and defense systems
BAE Systems — Integrated defense and security solutions
Lockheed Martin — Advanced aerospace and defense systems
Recent Developments
(February 2026) Signed memorandum of understanding with Ukrainian Defense Industry for aviation and airborne surveillance collaboration
(February 2026) Announced record 2025 order bookings with EBIT margin expansion to 11.8%
(January 2026) Selected by U.S. Missile Defense Agency for SHIELD program contract
(January 2026) Launched second Polish SIGINT ship delivery
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