Saab seeks 'efficiencies' at Kockums naval site
Returning to a positive cash flow in 2020, Saab outlined generally positive Q4 and full year results amid the pressure brought about by the COVID-19 pandemic.
Saab has affirmed its commitment to its Kockums business area, which focuses around the design, manufacture and sustainment of naval surface and subsurface platforms, during a briefing on 11 February outlining the Q4 and 2020 full-year financial results.
The majority of Saab’s business areas outlined growth during 2020, even taking into account the impact of the COVID-19 pandemic. A company release stated that defence business showed ‘solid’ performance, with five of six business areas reporting positive sales growth.
In addition, sales were up 4%, excluding adjustments in Q3 related to COVID-19 and despite the downturn in the civil aviation
Already have an account? Log in
Want to keep reading this article?
More from Naval Warfare
-
![ST Engineering Marine expands capacity, seeks regional partners for growth]()
ST Engineering Marine expands capacity, seeks regional partners for growth
The company could be looking to collaborate with other Asian nations as well as countries further afield as it pushes ahead with its shipyard expansion plans.
-
![US Navy approaches the award of a follow-on contract for Aegis production]()
US Navy approaches the award of a follow-on contract for Aegis production
Naval Sea Systems Command intends to grant a production agreement for the Aegis Weapon System covering the FY2026-FY2030 period.
-
![AUKUS update: Australian sovereignty is “paramount” as Trump declares “full steam ahead”]()
AUKUS update: Australian sovereignty is “paramount” as Trump declares “full steam ahead”
AUKUS has been under the spotlight this week as US President Donald Trump and Australian Prime Minister Anthony Albanese had their first face-to-face meeting.
-
![US Navy acquires additional Most Aggressive Features for Virginia-class submarines]()
US Navy acquires additional Most Aggressive Features for Virginia-class submarines
A follow-on contract awarded to Collins covers the supply of up to eight MAFs to be delivered from 2027.
-
![Singapore christens first Victory-class multi-role combat vessel]()
Singapore christens first Victory-class multi-role combat vessel
The new mothership’s modular design ensures it meets the navy’s needs for future situations in both war and peace.
-
![Thales’ multirole missile delivers “tactical excellence” for UK Royal Navy]()
Thales’ multirole missile delivers “tactical excellence” for UK Royal Navy
The latest trials of Thales’ Lightweight Multirole Missile in two locations proved its effectiveness in combatting real-world uncrewed threats.
