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Saab AB (publ) (SAAB-B.STO) AI OPINIONS & ADVISOR ANALYSIS

Read and compare the 14 individual AI Advisor deep-dive reports, including their forecast paths, ratings, price targets, and reasoning.

Updated on 18 September 2026Deep analysis 20 September 2026

Publisher

Russlan Ramdowar

25 min readAudit All Past Forecasts

14 AI Advisor Reports

Select an advisor report.

SynthesizerCombines all advisor views

Synthesis of 14 independent opinions

Diversity of ModelsSame approach, varied models

Diversity of FrameworksDifferent investing styles

AI Researcher

Opus 5

Universal Investor AI

The Polymath Framework

Price-adjusted rating

Neutral

5-Year Return Est.

+44.8%

Includes 0.25% annual net dividend contribution

1. Investment Thesis — Base Case

The central tension is straightforward and uncomfortable: Saab is compounding earnings faster than sales, and the market already owns it at a price assuming exactly that. SEK 318bn of backlog with 60% deliverable inside 2.5 years makes revenue near-certain through 2029 [1][3]; margin expansion to 11% proves execution [2]. But 44x trailing earnings against a 5% long rate means the multiple must be earned down by delivered profit rather than re-rated up by order headlines. Investors should expect earnings to roughly triple while the multiple roughly halves, producing solid but unspectacular compounding punctuated by diplomacy-driven drawdowns.

FY2025 net income SEK 6.31bn on SEK 79.1bn revenue; base case assumes SEK 18-21bn net income by 2031.
At 22-25x terminal earnings on ~541m shares, that supports roughly SEK 850-950 per share.
Cross-check: implies SEK 460-515bn market capitalisation, plausible against SEK 175-200bn projected revenue.

Historical prices and published forecast

Observed price
Published advisor forecast

Observed prices and the selected advisor's published projection share a split-adjusted price basis. Prices after the forecast start are later observations, not information known at publication. Forecasts are uncertain. Values in SEK.

View chart values

Historical prices and published forecast — published chart values
Series	Date	Value (SEK)
Observed price	2021-09-14	61.4
Observed price	2021-09-18	60.6
Observed price	2021-09-26	63.4
Observed price	2021-10-16	62.7
Observed price	2021-10-28	60.3
Observed price	2021-11-01	59.7
Observed price	2021-11-17	62.6
Observed price	2021-11-25	60.2
Observed price	2021-12-15	54.8
Observed price	2021-12-19	54.9
Observed price	2022-01-08	58.5
Observed price	2022-01-16	58.7
Observed price	2022-01-28	54.9
Observed price	2022-02-21	54.3
Observed price	2022-02-25	60.6
Observed price	2022-03-01	73.0
Observed price	2022-03-21	92.1
Observed price	2022-03-29	85.2
Observed price	2022-04-14	101
Observed price	2022-04-22	97.1
Observed price	2022-05-04	105
Observed price	2022-05-12	101
Observed price	2022-06-01	106
Observed price	2022-06-05	110
Observed price	2022-06-17	95.8
Observed price	2022-07-07	100
Observed price	2022-07-19	104
Observed price	2022-07-23	100
Observed price	2022-08-04	92.8
Observed price	2022-08-16	94.2
Observed price	2022-09-01	87.7
Observed price	2022-09-09	89.9
Observed price	2022-09-17	84.2
Observed price	2022-10-03	87.7
Observed price	2022-10-23	96.5
Observed price	2022-11-04	100
Observed price	2022-11-12	88.1
Observed price	2022-11-20	93.6
Observed price	2022-12-06	99.4
Observed price	2022-12-14	100
Observed price	2023-01-03	104
Observed price	2023-01-15	104
Observed price	2023-01-27	107
Observed price	2023-01-31	107
Observed price	2023-02-20	137
Observed price	2023-02-24	144
Observed price	2023-03-08	157
Observed price	2023-03-20	150
Observed price	2023-04-09	160
Observed price	2023-04-13	159
Observed price	2023-04-29	145
Observed price	2023-05-11	145
Observed price	2023-05-19	153
Observed price	2023-06-08	145
Observed price	2023-06-20	154
Observed price	2023-06-28	143
Observed price	2023-07-02	147
Observed price	2023-07-18	143
Observed price	2023-07-26	136
Observed price	2023-08-19	137
Observed price	2023-08-31	145
Observed price	2023-09-16	154
Observed price	2023-09-24	140
Observed price	2023-10-06	137
Observed price	2023-10-14	145
Observed price	2023-10-22	140
Observed price	2023-11-03	143
Observed price	2023-11-23	142
Observed price	2023-12-01	136
Observed price	2023-12-09	137
Observed price	2023-12-29	152
Observed price	2024-01-02	154
Observed price	2024-01-18	172
Observed price	2024-01-26	168
Observed price	2024-02-15	195
Observed price	2024-02-23	197
Observed price	2024-03-10	209
Observed price	2024-03-14	216
Observed price	2024-04-03	242
Observed price	2024-04-15	236
Observed price	2024-04-19	224
Observed price	2024-05-01	222
Observed price	2024-05-21	246
Observed price	2024-05-29	236
Observed price	2024-06-06	265
Observed price	2024-06-18	243
Observed price	2024-07-04	258
Observed price	2024-07-16	268
Observed price	2024-07-28	242
Observed price	2024-08-05	231
Observed price	2024-08-17	250
Observed price	2024-08-29	243
Observed price	2024-09-06	222
Observed price	2024-10-04	227
Observed price	2024-10-12	213
Observed price	2024-10-16	217
Observed price	2024-10-24	237
Observed price	2024-11-21	248
Observed price	2024-11-25	237
Observed price	2024-12-03	247
Observed price	2024-12-19	225
Observed price	2025-01-12	231
Observed price	2025-01-16	236
Observed price	2025-02-01	239
Observed price	2025-02-09	216
Observed price	2025-02-13	227
Observed price	2025-03-05	369
Observed price	2025-03-09	371
Observed price	2025-03-17	406
Observed price	2025-04-02	387
Observed price	2025-04-18	440
Observed price	2025-04-26	423
Observed price	2025-05-04	459
Observed price	2025-06-05	511
Observed price	2025-06-09	446
Observed price	2025-06-13	453
Observed price	2025-06-29	501
Observed price	2025-07-15	485
Observed price	2025-07-23	541
Observed price	2025-07-31	534
Observed price	2025-08-20	498
Observed price	2025-09-01	540
Observed price	2025-09-09	510
Observed price	2025-09-17	516
Observed price	2025-09-29	582
Observed price	2025-10-11	526
Observed price	2025-10-19	471
Observed price	2025-11-04	525
Observed price	2025-11-24	453
Observed price	2025-12-02	470
Observed price	2025-12-10	505
Observed price	2025-12-22	513
Observed price	2026-01-11	693
Observed price	2026-01-19	723
Observed price	2026-02-04	652
Observed price	2026-02-16	625
Observed price	2026-02-20	669
Observed price	2026-03-16	688
Observed price	2026-03-24	637
Observed price	2026-04-01	663
Observed price	2026-04-17	596
Observed price	2026-04-25	577
Observed price	2026-05-11	517
Observed price	2026-05-15	483
Observed price	2026-05-31	547
Observed price	2026-06-08	532
Observed price	2026-06-28	496
Observed price	2026-07-06	588
Observed price	2026-07-14	524
Observed price	2026-07-30	591
Observed price	2026-08-15	692
Observed price	2026-08-19	676
Observed price	2026-09-08	578
Observed price	2026-09-12	572
Observed price	2026-09-23	632
Observed price	2026-09-25	623
Published advisor forecast	2026-09-18	604
Published advisor forecast	2026-12-18	628
Published advisor forecast	2027-03-18	647
Published advisor forecast	2027-06-18	614
Published advisor forecast	2027-09-18	645
Published advisor forecast	2027-12-18	664
Published advisor forecast	2028-03-18	691
Published advisor forecast	2028-06-18	705
Published advisor forecast	2028-09-18	677
Published advisor forecast	2028-12-18	710
Published advisor forecast	2029-03-18	732
Published advisor forecast	2029-06-18	746
Published advisor forecast	2029-09-18	769
Published advisor forecast	2029-12-18	784
Published advisor forecast	2030-03-18	808
Published advisor forecast	2030-06-18	783
Published advisor forecast	2030-09-18	815
Published advisor forecast	2030-12-18	831
Published advisor forecast	2031-03-18	856
Published advisor forecast	2031-06-18	873
Published advisor forecast	2031-09-18	890

2. Scenarios & Signals

Bull case

The bull case activates when cash conversion breaks decisively above 60% and management publishes post-2027 targets anchored on margin rather than growth. Delivered cash validates the , the free-cash-flow yield doubles toward 4%, and Saab stops being valued as a cyclical order-taker and starts being valued as a defence compounder with contracted revenue visibility to 2035. Add one Orka-scale platform win, and the multiple holds in the low thirties while earnings triple — a materially higher share price than the base path.

Bear case

The bear case activates when a Ukraine settlement coincides with European fiscal retrenchment and a fixed-price programme provision. Order intake decelerates, the -growth narrative that justified the premium stalls, and investors rediscover that a 2.15% free-cash-flow yield offers no support against 5% long rates. Naval or T-7A overruns would then hit margin and cash simultaneously, converting a de-rating into an earnings disappointment. The multiple compresses toward the high teens faster than earnings grow, and the shares trade well below today's price.

Current crowd narrative

The settled belief is that European rearmament is a decade-long annuity and Saab is its best-run Nordic expression, so every dip is a buying opportunity. Yet sell-side consensus reads Hold with a SEK 572 average target below spot [17][18], and the sector trailed the Stoxx 600 this year [20]. The anchoring bias: investors watch order intake and ignore the discount rate.

Alpha-gap assessment

Neither wildly underpriced nor euphoric — the crowd has the right company and the wrong entry arithmetic. It underestimates durability and the naval/sensor mix that limits peace-headline beta to roughly a third of Rheinmetall's [21], while overestimating what a 44x trailing multiple can survive against a 5% long rate and a 2.15% free-cash-flow yield. The blind spot is duration, not defence: earnings likely triple, the multiple likely halves, and the shares compound at a respectable but unspectacular high-single-digit rate.

Convergence catalyst

The October 2026 Q3 print, carrying the SEK 24.6bn Ukraine Gripen booking, then the FY2026 results and any post-2027 target refresh. Recognition arrives when cash conversion clears 60% rather than when orders clear consensus; the first observable sign is margin, not , leading the narrative.

Paywalled preview begins: Macro-regime alignment

From this section to the end-of-preview notice below, research is provided as simplified HTML text and tables. Full access provides the complete interactive interface, charts and additional datasets.

Sentiment and regime

Greed and fear sentiment: 0.2
Expected volatility regime: high_erratic
Convergence-cycle position: momentum

Primary drivers

Primary drivers supplied in this advisor's published forecast
Force	Rationale	Probability	Expected price impact
Contracted Demand NOT Hoped FOR Demand	The decisive fact is that Saab's revenue is already signed. Order backlog reached SEK 317.7bn at Q2 2026 versus SEK 197.6bn a year earlier, a fifth consecutive quarterly increase, and management states roughly 60% is deliverable within 2.5 years [1][3]. That converts backlog into near-dated revenue and earnings rather than a distant option, and the near-dated weighting is what makes the compounding credible through 2029.	Not available	+42.0%
European Budget Ratchet SLOW TO Reverse	Roughly 95% of Saab revenue is defence, aimed at European core budgets trending toward 3.5% of GDP [16]. Rearmament commitments are multi-year appropriations embedded in national plans, procurement offices and industrial-participation deals; they unwind far more slowly than headlines suggest. Even a Ukraine settlement leaves inventory replenishment, air-defence and naval recapitalisation funded, which sustains order intake and pricing power into the back half of the horizon.	Not available	+22.0%
Operating Leverage Finally Arrives	Margin is now doing the work that volume did. Q2 2026 EBIT reached SEK 2.79bn on SEK 25.5bn sales, an 11.0% margin on nearly 30% organic growth, against 9.51% group operating margin for FY2025 [2]. Fixed engineering and facility costs are being spread over a much larger delivery base in Surveillance and Dynamics. Each point of margin on a SEK 150bn-plus future revenue base is material to per-share earnings.	Not available	+18.0%
Gripen Escapes ITS Niche	Gripen E has moved from perennial near-miss to repeat exporter: 17 aircraft for Colombia at EUR 3.1bn [7] and 16 for Ukraine via FMV at SEK 24.6bn, booked in Q3 2026 and financed through an EU facility [6][10]. Contracting through the Swedish state, not Kyiv, removes sovereign receivable risk. Each platform win drags decades of sensors, support and upgrades behind it, lifting mix-adjusted lifetime margins.	Not available	+15.0%

Primary frictions

Primary frictions supplied in this advisor's published forecast
Force	Rationale	Probability	Expected price impact
Forty FOUR Times Earnings MUST BE FED	The starting price already contains the thesis. Trailing P/E of 44.3, EV/EBITDA of 27.2 and a 2.15% free-cash-flow yield sit against a US 10-year near 5.0%, an ECB deposit rate raised to 2.50% and the Fed at 3.75%-4.00%. Long-duration equity arithmetic is unforgiving: even excellent delivery leaves the multiple compressing toward the mid-twenties across five years, absorbing much of the earnings growth.	Not available	-38.0%
Peace Headline BETA IS Measurable	Saab reprices on diplomacy, not only deliveries. On 10 April 2026 European defence names fell on Ukraine resolution signals, with Saab down 2.2% against Rheinmetall's 5.9% [21]. The smaller drawdown confirms a genuine mix advantage in naval, sensors and non-Ukraine exports, but it does not immunise the shares. Expect recurring de-rating episodes whenever settlement odds rise, compressing the multiple faster than any order book can offset.	Not available	-13.0%
Submarine MATH AND Start UP DRAG	The anomaly in an otherwise glowing Q2: Naval took roughly a SEK 200m write-down in the very quarter Kockums booked the SEK 47bn Polish Orka order [4]. Long-cycle fixed-price submarine and T-7A trainer programmes historically absorb engineering overruns before they yield profit; brokers already expect T-7A start-up costs to dilute Aeronautics leverage [25]. Provisions of this type recur and cap reported margin expansion.	Not available	-9.0%
Growth IS Capital Hungry	Scaling costs real cash. Capex ran at 7.7% of revenue in 2025 and SEK 6.67bn over the trailing twelve months against SEK 12.72bn operating cash flow [18], while roughly 3,000 annual hires and a SEK 700m half-year R&D step-up consume operating cash before delivery milestones arrive. Cash conversion of 53% after Q2 sits below the above-60% target [3][14], keeping the free-cash-flow yield thin relative to reported profit.	Not available	-8.0%

Tail opportunities

Tail opportunities supplied in this advisor's published forecast
Force	Rationale	Probability	Expected price impact
A Second ORKA Scale Platform WIN	A further multi-decade platform mandate — additional Gripen fleets in Latin America or Southeast Asia, a Nordic or Northern European submarine follow-on, or a large NATO air-defence sensor programme — would add SEK 40-60bn of backlog in a single quarter, as Poland did. Such awards carry attached support and upgrade annuities for twenty years, lifting mid-2030s cash flow that no current model captures. Probability below 50% because competitive fields are crowded and political timelines slip; most likely window 2028-2030.	30.0%	+30.0%
A 2028 Target Refresh THAT Resets THE Ceiling	Saab's current framework runs only to 2027 at roughly 18-22% organic growth with EBIT outgrowing sales [12][14]. A Capital Markets Day in late 2027 or 2028 that sets a double-digit EBIT-margin destination and a hard cash-conversion floor would convert an order-intake story into a margin-and-cash story, the precise transition that justifies a premium multiple rather than merely inheriting one. Probability stays below half because management repeatedly stresses execution over promises and may simply extend existing targets.	40.0%	+26.0%

Tail risks

Tail risks supplied in this advisor's published forecast
Force	Rationale	Probability	Expected price impact
Settlement PLUS Fiscal Fatigue	A durable Russia-Ukraine settlement combined with European fiscal strain — sovereign yields elevated, growth near 1% and rearmament competing with welfare budgets — would reset the sector multiple, not merely the headlines. Order intake would decelerate first, backlog growth would stall, and a 44x multiple would compress toward mid-teens far faster than delivered earnings could cushion it. Probability below half because appropriations already legislated run through 2029-2030, but a 2027-2028 window is plausible.	35.0%	-30.0%
Fixed Price Programme Blows UP	The SEK 200m Naval write-down alongside the Polish submarine booking is the tell [4]. Should Orka, T-7A or an early Gripen E export tranche require multi-billion loss provisions during 2028-2030 peak delivery, reported EBIT and cash conversion would fall simultaneously, undermining both the margin expansion thesis and the premium the market pays for execution quality. Probability under 50% given Saab's disciplined bid history, but complex first-of-class submarine programmes overrun industry-wide.	25.0%	-24.0%

Step-by-step forecast path

Universal Investor forecast path for prediction task predrqst_batch_task__xrefsubjtskconf_49e90e6f-151c-553b-9776-6fa61d694d91__sb7__20260920064920277661
Step	Forecast date	Step change	Projected value (SEK)	Scenario rationale
1	December 18, 2026	+4.0%	627.74	The 23 October Q3 print books the SEK 24.6bn Ukraine Gripen order, extending backlog growth to a sixth quarter. Modest gain as the beat is partly anticipated and 5% long rates cap multiple expansion.
2	March 18, 2027	+3.0%	646.58	FY2026 results confirm roughly 25% organic growth and improving cash conversion. European 2027 defence appropriations pass, supporting order visibility, but Fed policy near 4% keeps long-duration equity multiples under steady compression.
3	June 18, 2027	-5.0%	614.25	Renewed Ukraine settlement diplomacy triggers the familiar sector reflex. Saab's naval and sensor mix limits the drawdown relative to German land-systems peers, but the premium multiple absorbs most of the de-rating pressure.
4	September 18, 2027	+5.0%	644.96	Settlement optimism fades as appropriations continue regardless. H1 2027 delivers cash conversion nearing 60% and Aeronautics ramps Gripen E production, restoring confidence that backlog becomes cash rather than promises.
5	December 18, 2027	+3.0%	664.31	Final year of the 2023-2027 target period closes with organic growth near plan. Attention shifts to what management commits to next; positioning builds ahead of an expected target refresh.
6	March 18, 2028	+4.0%	690.88	A post-2027 framework anchored on double-digit EBIT margin and a hard cash-conversion floor reframes Saab as a margin story. Re-rating is partial because the starting multiple already discounts competent execution.
7	June 18, 2028	+2.0%	704.70	Peak Gripen and submarine engineering intensity keeps capex above 7% of revenue, holding free-cash-flow yield thin. Earnings grow but the market pays less per krona as rate normalisation proves slow.
8	September 18, 2028	-4.0%	676.51	A fixed-price programme provision in Naval or T-7A dents reported margin, echoing the 2026 write-down. The market re-prices execution risk on long-cycle platforms, compressing the premium investors grant Saab.
9	December 18, 2028	+5.0%	710.34	Recovery as the provision proves contained and Q3 order intake rebuilds backlog toward SEK 400bn. European air-defence and naval recapitalisation programmes award second tranches, confirming the ratchet has not reversed.
10	March 18, 2029	+3.0%	731.65	FY2028 results show revenue above SEK 140bn with operating margin approaching 12%. Absorption-driven leverage continues, though static gross margin reminds investors this is overhead spreading, not pricing power.
11	June 18, 2029	+2.0%	746.28	Ukraine Gripen deliveries to FMV begin on schedule, validating industrial capacity. Gains are modest as easing global rates are partly offset by a maturing European defence budget growth rate.
12	September 18, 2029	+3.0%	768.67	Delivery milestones release working capital and lift cash conversion above the 60% threshold. The free-cash-flow yield improves toward 3.5%, giving valuation support that order headlines alone never provided.
13	December 18, 2029	+2.0%	784.04	Backlog growth decelerates as replenishment demand normalises and appropriations plateau near 3.5% of GDP. Earnings still compound, but the market shifts from growth multiple toward cash-yield valuation discipline.
14	March 18, 2030	+3.0%	807.56	FY2029 results deliver record profit and a materially larger dividend as capex intensity eases post-peak. Capital returns begin to matter for total return, previously almost entirely price-driven.
15	June 18, 2030	-3.0%	783.34	European fiscal consolidation debates resurface as sovereign debt service costs bite. Defence budget growth is questioned at the margin, and the sector's premium multiple contracts ahead of any actual appropriation cuts.
16	September 18, 2030	+4.0%	814.67	Poland's Orka submarine programme reaches profitable construction phase and a new export platform mandate is contested. Confirmation that long-cycle naval economics work restores confidence in terminal margin assumptions.
17	December 18, 2030	+2.0%	830.96	Growth moderates toward a mid-teens organic rate as the base effect of the rearmament surge fades. Valuation now rests on sustainable cash generation rather than backlog momentum.
18	March 18, 2031	+3.0%	855.89	FY2030 results show revenue near SEK 175bn with net margin around 10%. The multiple has compressed toward the mid-twenties, meaning earnings growth now translates directly into share-price gains.
19	June 18, 2031	+2.0%	873.01	Steady-state execution phase. Upgrade, sustainment and sensor annuities from delivered platforms provide recurring revenue, reducing earnings variability and supporting a more defensible, lower-volatility valuation base.
20	September 18, 2031	+2.0%	890.47	Horizon close with Saab valued as a mature defence compounder near 22-25x earnings. The five-year outcome: earnings roughly tripled, multiple roughly halved, high-single-digit annualised return.

Advisor and configuration

Advisor: universal_investor__the_polymath__anthropic_claude_opus_5__20260724_release
Persona: Universal Investor
Archetype: The Polymath
Model: 2026-07-24 release
Provider: Anthropic
Mode: RESEARCHER (Web Search Enabled) with High Reasoning and Standard Creativity
Task configuration: universal_investor__the_polymath__anthropic_claude_opus_5__20260724_release__equity__json__extnd_invest_thesis_4q_alphassym__ts_num_desc__h5y_s3m__var1__researcher__standard_creativity_high_thinking__batch
Forecast horizon: 5 year
Forecast steps: 20 steps of 3 month
Assembly type: Balanced Assembly
Assembly name: universal_investor__the_polymath__anthropic_claude_opus_5__20260724_release RESEARCHER Forecast Assembly
Input format: inmemory_base_placeholders__latest_eod_close_price_with_stats_and_fundamentals__var1
Output format: Equity Extended Investment Thesis (4 Quadrants and Alpha Asymmetry) + Pct Change Timeseries for Close Price with Rationale, (5Y Quarterly)

Read the complete Universal Investor advisor methodology

Configuration components

aiassmprmtcmpnt_b995bbe2-6a15-55be-a576-525904f696e8
aiassmprmtcmpnt_c55d1851-d218-5d30-b83b-54bbda31e2ee
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aiassmprmtcmpnt_3c0c459a-0d4a-50ca-87df-c172ec5618aa
aiassmprmtcmpnt_8115cc2a-d418-54b1-a616-49dfa91195f4

Research sources

[1]Saab Q2 2026: Record Orders, Sales And EBIT Beat Estimates (SAABF) - Stock Market Loopstockmarketloop.com
[2]Saab Q2 2026 Results Beat Forecasts | InsiderFinanceinsiderfinance.io
[3]Earnings call transcript: Saab posts record Q2 2026 results on defense demand By Investing.cominvesting.com
[4]Saab AB (SAABF) Q2 2026 Earnings Call Highlights: Record Order Backlog and Strong Growthfinance.yahoo.com
[5]Saab Q2 results 2026: Strong order bookings reinforce market positionsaab.com
[6]Saab signs contract for Gripen E for Ukrainesaab.com
[7]Ukraine and Sweden take steps towards Ukrainian Gripen acquisitionsaab.com
[8]Saab Announces Medium-term Financial Targetssaab.com
[9]Financials | Investor relations | Saabsaab.com
[10]Ukraine signs $2.5 Billion deal for 16 Saab Gripen E fighter jets with Sweden to repel Russian attacksarmyrecognition.com
[11]Ukraine's Gripen E Deal Has Become More Expensive, But It Still Offers a Crucial Advantage | Defense Expressen.defence-ua.com
[12]Saab confirms medium-term growth targets ahead of Capital Markets Day By Investing.cominvesting.com
[13]Saab’s Capital Markets Day 2025: Well-positioned for future growthsaab.com
[14]SAAB (SAAB) Q2 2026 Summary | Quartrquartr.com
[15]The share | Investor relations | Saabsaab.com
[16]SAAB B Stock Price Quote | Morningstarmorningstar.com
[17]Saab AB Share Price, Forecast & Financials (STO:SAAB B) | Stockopediastockopedia.com
[18]Saab AB (STO:SAAB.B) Statistics & Valuation Metricsstockanalysis.com
[19]Saab AB (publ) (SAAB-B.ST) Stock Price, News, Quote & History - Yahoo Financefinance.yahoo.com
[20]European defense stocks are cooling off after the military spending boom. Here's what's nextcnbc.com
[21]European stocks end higher, defense shares tumble on Ukraine-Russia deal progress reportscnbc.com
[22]European Defence Stocks Decline Amid U.S. Peace Efforts | Global Banking & Finance Reviewglobalbankingandfinance.com
[23]SAAB B Stock Price Today | ST: SAABb Live - Investing.cominvesting.com
[24]Calendar | Investor relations | Saabsaab.com
[25]Saab Q2'26 preview: Backlog conversion continues to set the tone - Inderesinderes.se

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