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Saab is a global defense and security company that develops fighter jets, submarines, radars, and other advanced systems for military and civil protection. Its products work through the integration of high-performance hardware, software, and sensors, such as Gripen avionics and radar networks that detect targets and guide responses. It differentiates itself with deep in-house capabilities, a long defense heritage, and ongoing investment in AI and digital security. Its goal is to help nations protect security and sovereignty by delivering reliable technologies and comprehensive services worldwide.
Industries
Industrial & Manufacturing
AI & Machine Learning
Aerospace
Defense
Company Size
10,001+
Company Stage
IPO
Headquarters
Stockholms kommun, Sweden
Founded
1937
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Total Funding
$883M
Above
Industry Average
Funded Over
6 Rounds
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Bereavement Leave
401(k) Retirement Plan
401(k) Company Match
Tuition Reimbursement
Student Loan Assistance
Wellness Program
Mental Health Support
Company Equity
Employee Stock Purchase Plan
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
Seven cars from the defunct Saab factory in Trollhättan, Sweden, have sold for a combined 1.035 million kronor (approximately €90,000) at auction through Klaravik. The collection included three Saab vehicles and four Nevs electric cars. A 2018 Nevs electric car fetched the highest price at 252,000 kronor, whilst the three final Saab pre-production cars sold for between 142,000 and 177,000 kronor. All vehicles were purchased by Swedish private individuals or companies. The auction attracted international attention, with coverage in 47 countries and hundreds of Saab enthusiasts gathering in Trollhättan for a ceremonial event, including visitors from the United States and across Europe. All but one car achieved six-figure sale prices.
Canada will purchase early warning radar planes from Sweden's Saab and Canada's Bombardier, Prime Minister Mark Carney announced Wednesday, choosing the option over two American alternatives from Boeing and L3Harris. The government is negotiating to acquire Saab's Airborne Early Warning & Control Aircraft, built on Bombardier's Global 6500 platform with 20% US content. The decision aligns with Carney's strategy to diversify military spending away from the United States, with a cap ensuring no more than 70 cents of every defence dollar goes to America. Canada joined a major EU defence fund last year and is seeking six radar aircraft capable of detecting threats across the Arctic. Canada is also reviewing its planned purchase of US F-35 fighter jets, exploring alternatives including Saab's Gripen, which would be assembled in Canada.
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Industries
Industrial & Manufacturing
AI & Machine Learning
Aerospace
Defense
Company Size
10,001+
Company Stage
IPO
Headquarters
Stockholms kommun, Sweden
Founded
1937
Find jobs on Simplify and start your career today