SSaab is a Swedish defense and security company that supplies governments with advanced weapons, sensors, and protection across air, sea, and cyberspace. Its main offerings include Gripen fighter jets, radar and surveillance systems, and unmanned underwater vehicles. Saab’s products work by integrating sophisticated airframes and engines with cutting-edge sensors, data links, and control software to detect, track, and defend against threats; its unmanned underwater vehicles perform reconnaissance and mine countermeasures, while its cybersecurity and defense systems protect networks and critical infrastructure. Saab differentiates itself through its long history in military aviation, a portfolio that spans air, sea, and cyber capabilities, and a focus on integrated, turnkey defense solutions rather than consumer products. The company’s goal is to be a trusted global partner for governments, delivering reliable, comprehensive defense and security technology and services.
Work here?Claim your company
Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Stockholms kommun, Sweden
Founded
1937
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$883M
Above
Industry Average
Funded Over
6 Rounds
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.
Brisbane-based Hypersonix Launch Systems has raised $46 million in Series A funding led by UK's High Tor Capital, with participation from Saab, RKKVC, National Reconstruction Fund Corporation, and Queensland Investment Corporation. The company develops reusable hydrogen-powered hypersonic aircraft for defence and aerospace applications. Founded in 2019, Hypersonix employs 45 specialists. Its SPARTAN scramjet engine, invented by co-founder Dr Michael Smart, reaches Mach 12 with no moving parts and eliminates CO2 emissions by using green hydrogen instead of kerosene. The funding will support a NASA-backed test flight of the DART AE vehicle under the US Department of Defense HyCAT programme. Hypersonix was selected as the first HyCAT contract from over 60 companies. Proceeds will also finance manufacturing facilities in Queensland and development of VISR, an 8-metre reusable aircraft with four SPARTAN engines.
Saab AB reported record results in Q2 2026, with an order backlog reaching SEK318 billion and order intake exceeding SEK68 billion, driven by major contracts including a SEK47 billion submarine deal with Poland and Gripen fighter contracts with Ukraine. The Swedish defence company achieved nearly 30% organic growth. EBIT margin improved to 11%, representing a 41% quarterly increase, whilst gross margin expanded by more than one percentage point year-on-year. Cash flow turned positive at SEK1 billion for the first half, compared to minus SEK1.1 billion the previous year. The company increased R&D investment by SEK700 million and maintained its BBB+ credit rating from S&P. Saab has been hiring approximately 3,000 employees annually to scale production capacity. However, the Naval division recorded a SEK200 million write-down after failing to secure the Swedish frigate programme.
Swedish defence company Saab reported higher second-quarter earnings on Friday, driven by stronger operating profit and increased sales. Net income at the fighter jet maker rose to 2.17 billion Swedish kronor ($224 million) from 1.54 billion kronor a year earlier. Earnings per share increased to 3.96 kronor from 2.83 kronor. EBITDA climbed to 3.77 billion kronor from 2.83 billion kronor in the prior-year period. Operating income rose to 2.79 billion kronor from 1.98 billion kronor. Sales increased to 25.45 billion kronor from 19.79 billion kronor in the second quarter of last year.
The startup last raised funding in late 2024 and aims to expand into new domains like air and maritime
Find jobs on Simplify and start your career today
Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Stockholms kommun, Sweden
Founded
1937
Find jobs on Simplify and start your career today