Aeronautics dip takes shine off Q2 sales growth for Saab
Saab's Gripen E/F fighter programme is expected to see high volumes of aircraft produced in the coming years. (Photo: Saab)
Less than favourable figures for Aeronautics were offset by a 7% increase in orders for Saab in Q2 2021, as the Swedish company eyes work on European Defence Fund projects.
A 1.7% fall in pre-tax earnings for Saab’s Aeronautics business in Q2 2021 stands as a notable anomaly among an otherwise positive set of financial trends for the manufacturer across the three months ended 30 June.
Q2 orders increased by 7% to SEK9.9 billion ($1.14 billion), courtesy of projects including the Future Development Support contract for Swedish Gripen C/D aircraft worth SEK998 million, a Force on Force Training Systems - Next (FoFTS-Next) contract issued by the USMC with a potential value of $127.9 million and SEK400 million to supply radar warning equipment for German Tornado fighter jets.
Organic sales also
Our news & analysis is now part of Defence Insight®
A Basic-level or higher Defence Insight subscription is now required to view this content.
More from Defence Notes
-
![Orchestrating operational readiness across every defence domain]()
Orchestrating operational readiness across every defence domain
Are all systems ready for the next mission? Have upgrades been applied? Are all assets aligned to deploy together, on time and fully prepared? In modern defence operations, readiness is no longer measured platform by platform. It is measured by how well people, assets, data and decisions move together — across land, sea and air.
-
![Global tensions drive defence supply chain scrutiny]()
Global tensions drive defence supply chain scrutiny
Governments worldwide are scrambling to decouple defence supply chains from dependency upon strategic rivals, but countries could struggle to do it all themselves.
-
![How deepening AI usage can boost efficiency and maximise effects for forces]()
How deepening AI usage can boost efficiency and maximise effects for forces
Saab has outlined how it is using artificial intelligence to make training more like electronic gaming, while the UK’s Power Size Technologies is applying the same technology to better evaluate and design vehicle capability, moving AI-enabled innovation further upstream from the frontline.
-
![From systems integrator to multi-domain solutions provider (video)]()
From systems integrator to multi-domain solutions provider (video)
Philipp von Brandenstein, Head of Corporate Communications at Rheinmetall, explains how Eurosatory 2026 marked a new stage in the company's evolution.
-
![US Pentagon pushes for major reform of defence acquisition system]()
US Pentagon pushes for major reform of defence acquisition system
The US Department of Defense has requested new contracting authorities from Congress, using the Army's MV-75 Cheyenne programme to demonstrate how competition, digital engineering and closer industry collaboration could accelerate acquisitions.
-
![US speeds up B61-13 nuclear bomb production as programme moves further ahead of schedule]()
US speeds up B61-13 nuclear bomb production as programme moves further ahead of schedule
The US government plans to accelerate production even further after achieving key B61-13 milestones months ahead of schedule, as the programme advances amid growing US-China strategic competition.
