Saab B, SE0021921269

Saab B stock: SEK 2 billion frigate order spans to 2034

Published on 11/09/2026 at 11:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saab B stock gets a new naval systems contract from Naval Group. Deliveries for four Swedish frigates are planned from 2027 through 2034.

Saab expands naval order pipeline

Saab will equip four Swedish FDI frigates under a Naval Group contract with deliveries scheduled from 2027 through 2034.
The program adds integrated weapons, sensors, radar and fire-control equipment to Saab's naval portfolio.
Third-quarter order bookings reached SEK 65.825 billion, while the order backlog stood at SEK 364 billion at September 30.

Saab B, SE0021921269, Illustration mit AI erstellt.

Saab signed a contract with French defence company Naval Group on Friday, November 6, to deliver and integrate weapon-control systems and sensors for four FDI frigates being built for Sweden. The order is worth approximately SEK 2 billion, and deliveries to Naval Group are scheduled from 2027 through 2034, according to Saab's press release.

The contract covers Saab's Weapon Control System, the Ceros Fire Control Director and EOS 500 electro-optical system. It also includes the RBS15 anti-ship missile, Saab Lightweight Torpedo, Trackfire Remote Weapon Station and Sea Giraffe 1X lightweight multi-mission surveillance radar.

Mats Wicksell, head of Saab's Naval business area, said the agreement would give the Swedish Navy integrated capabilities to detect, deter and respond to threats above and below the surface. For Saab, the program adds a long-duration delivery stream and combines several naval product lines in one platform order.

Backlog supports capacity expansion

The frigate contract follows a strong third quarter. In its results for January through September, Saab reported order bookings of SEK 65.825 billion, compared with SEK 20.861 billion a year earlier. Sales rose to SEK 20.553 billion from SEK 15.871 billion, while EBIT increased to SEK 1.945 billion from SEK 1.374 billion.

Operational cash flow reached SEK 6.785 billion, compared with SEK 142 million in the prior-year period. Saab said its order backlog stood at SEK 364 billion on September 30. Chief Executive Micael Johansson linked the quarter's momentum to strong customer demand, major Gripen, GlobalEye and frigate awards, and continued investment in capacity. The figures and management outlook are set out in Saab's Q3 release.

What the contract means for investors

The Swedish frigate order reinforces Saab's position as a supplier of integrated naval combat capabilities rather than a provider of a single component. Its long delivery schedule can improve visibility for production and systems integration, although execution, supplier capacity and the timing of customer milestones remain important to future cash generation.

The real-time quote of Saab B stock was 56.12 euros on Lang & Schwarz at 11:08 CET on Monday, November 9.