Saab reported strong third-quarter results on October 23, driven by major defence contracts. Order bookings rose to SEK 65,825 million from SEK 20,861 million a year earlier. Big orders included SEK 24.6 billion for Gripen E jets for Ukraine, SEK 10.1 billion for GlobalEye to an undisclosed customer, and SEK 8.7 billion for systems for German frigates. Sales reached SEK 20,553 million, up from SEK 15,871 million, with organic growth of 30.6%. EBIT rose 42% to SEK 1,945 million, and net income climbed to SEK 1,432 million from SEK 975 million. Operational cash flow jumped to SEK 6,785 million from SEK 142 million. Chief executive officer Micael Johansson said the strong order backlog positions Saab "well for continued growth.

Saab, the Swedish defence group, reported third-quarter orders of 65.8 billion Swedish kronor (around $6.6 billion), more than triple the 20.9 billion kronor of a year earlier. Analysts polled by FactSet had expected 56.4 billion kronor. A contract worth 24.6 billion kronor for 16 Gripen E fighter jets for Ukraine, signed in June, was booked in the quarter. Sales reached 20.6 billion kronor, ahead of the 20 billion expected. Earnings before interest and taxes (EBIT) came in at 1.95 billion kronor, beating the forecast of 1.9 billion. Chief executive officer Micael Johansson said demand was reflected in major awards, including Gripen for Ukraine, GlobalEye and an order related to Germany's new frigates.

Saab, the Swedish Defence Materiel Administration (FMV) and the Swedish Armed Forces have built and launched a demonstrator for a Large Uncrewed Underwater Vehicle (LUUV). The work took less than a year from contract award to sea trials. The first phase is complete. The next phase is expected to focus on more advanced capabilities, and the results will support further development of software, sensors, and autonomous functions. Saab credits its software-centric approach and its Autonomous Ocean Core control system, combined with Swedish expertise in submarine design and sensor integration. The vehicle is meant to operate alongside platforms such as submarines. FMV now leads the project, which will inform Swedish decisions on buying and using autonomous underwater systems. "The fact that we have also been able to develop and test the system in such a short timeframe demonstrates the strength of the collaboration," said Mats Wicksell, head of Saab's business area Naval.