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
-
![The Netherlands cleared to purchase $2.2 billion in Tomahawk missiles]()
The Netherlands cleared to purchase $2.2 billion in Tomahawk missiles
The approved purchase is for Tomahawk Block IV and Block V missiles, control systems, telemetry missiles and communication and broadcast systems.
-
![The Philippines strengthens maritime defences amid rising tensions in South China Sea]()
The Philippines strengthens maritime defences amid rising tensions in South China Sea
The Philippine Navy is fast-tracking its maritime modernisation with new warships, unmanned platforms, and international shipbuilding partnerships to bolster its regional deterrence posture.
-
![Taiwan multiplies mine-layer vessel and UAV inventories to deter PLA]()
Taiwan multiplies mine-layer vessel and UAV inventories to deter PLA
Taiwan is strengthening its deterrence against the PLA through an asymmetric arsenal that includes fast mine-laying vessels and domestically developed UAVs.
-
![L3Harris expands footprint across Europe via Everest NL and new contracts]()
L3Harris expands footprint across Europe via Everest NL and new contracts
L3Harris is targeting European naval modernisation with new uncrewed surface vessels, SATCOM partnerships, and regional investments including defence exercises and facility openings.
-
![BAE Systems to collaborate with Umoe Mandal on Type 26 frigate and Littoral Strike Craft]()
BAE Systems to collaborate with Umoe Mandal on Type 26 frigate and Littoral Strike Craft
The agreement is intended to boost opportunities for both UK and Norwegian naval shipbuilding.
