Saab sees declining profits
Saab has recorded a net income of SEK455 million ($70.5 million) for the first half year of 2013, which is a decrease of 55% compared to the same period last year.
The main cause for this drop was a non-recurring cost of SEK314 million following a legal dispute with the Danish Army concerning its DACCIS command and control system.
Despite the decrease in profit, a 59% increase to SEK25 billion was reported for order intake, which is mainly due to two orders for the development of the next generation of the Gripen fighter system.
Revenue amounted to SEK16.5 billion, representing
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Personalised news alerts
- Daily and weekly newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Defence Notes
-
US accuses Russia of using banned chemical weapons in Ukraine
Moscow was blamed for perpetrating multiple gas attacks with a choking agent against Kyiv’s armed forces.
-
How UAE defence giant EDGE Group plans to double its exports
The UAE defence conglomerate has put an aggressive strategy in place to increase its share of exports while navigating the growing gap between East and West.
-
US lawmakers warn that “more military spending is absolutely necessary” to ensure Pentagon’s readiness
The US Congress has raised concerns about how inflation rates and cuts in main acquisition programmes could affect the US military.
-
Can the US overcome Russian and Chinese nuclear capabilities?
Washington’s ageing inventory and the pace Moscow and Beijing have been modernising their capabilities put in check the US Nuclear deterrence.