Sweden's Saab Secures $612 Million Defense Deal

Sweden's Saab has secured a 6.6 billion crowns ($612 million) order for defense systems and equipment from an undisclosed Western country. The order includes products from its Dynamics and Surveillance division and will be delivered in 2027 and 2028.

Sweden's Saab announced on Wednesday that it has secured a significant order worth 6.6 billion crowns ($612 million) for defense systems and equipment from an unspecified Western nation.

The company, known for making the JAS Gripen fighter jet, revealed in a statement that the order encompasses systems and equipment from its Dynamics and Surveillance division. Saab plans to fulfill the order with deliveries scheduled in 2027 and 2028. However, the specific government behind the contract remains undisclosed.

The exchange rate at the time of the announcement was $1 = 10.7851 Swedish crowns.

(With inputs from agencies.)