Saab B secures major Poland submarine order, shares trade higher on Nasdaq Stockholm

By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-29, 14:19.

Saab B (SE0000112385) reports a landmark contract win with Poland for three A26-class submarines, sending the Stockholm-listed defense specialist into focus on Monday. According to Investing.com and Nasdaq Stockholm data, Saab shares trade moderately higher after the deal worth around 47 billion Swedish crowns.

Details of the Poland submarine contract

Saab disclosed that Poland and Sweden have signed a contract for three A26-class submarines to be built by the Kockums division, with the total value put at approximately 47 billion crowns, equivalent to about 4.83 billion US dollars. The multi-year agreement covers the vessels themselves as well as associated weapons systems, crew training and an integrated support package, marking one of the largest single orders in Saab's corporate history.

The signing ceremony took place in the Polish port city of Gdynia and was attended by Swedish Prime Minister Ulf Kristersson alongside senior Polish and Swedish defense officials, underlining the strategic weight of the program for NATO's Baltic security architecture. Saab has also committed to establishing long-term maintenance, repair and overhaul capacity in Poland as part of the contract, anchoring industrial cooperation and lifecycle support in the customer country. In addition, the order is set to strengthen Saab's already robust order backlog ahead of the Q2 2026 earnings release, which Investing.com notes is scheduled for July 17.

How the Saab B shares react in Stockholm

On Nasdaq Stockholm the Saab B shares trade around 495 to 497 crowns on Monday afternoon, with MarketScreener citing a last price of 495.25 crowns at 13:51 local time, up about 1.6 percent on the day. Investing.com reports that the series B shares rose roughly 2.0 to 2.2 percent intraday after the submarine deal announcement, with the stock changing hands between a session low near 489 crowns and a high close to 502 crowns, still below the 52-week high of 748.8 crowns.

Swedish investor commentary highlighted that domestic forums had flagged the June 29 signing date in advance, but the formal confirmation of the contract provided the concrete catalyst that lifted the shares. The current move fits into a broader theme of sustained interest in Nordic defense names, with Saab often mentioned alongside peers such as Germany's Rheinmetall and the UK's BAE Systems when investors look for exposure to rising European defense spending. With the major order now secured, attention turns to how the contract will translate into revenue recognition and margin development in the coming quarters, particularly around the July Q2 earnings update.

The role of submarines in Saab's strategy

Saab's Kockums unit has long been a core asset in the group’s naval portfolio, with the A26 program positioned as a modular, next-generation submarine platform for Baltic and global operations. The order from Poland adds an important export customer alongside Sweden, extending the strategic reach of Saab's underwater warfare capabilities and supporting scale effects in design, production and support.

Beyond submarines, Saab's broader strategy has focused on integrated defense solutions across air, land, naval and security domains, with major programs such as the Gripen fighter aircraft, air defense systems and radar platforms forming the backbone of its offer. The Poland deal complements this mix by deepening Saab's presence in NATO-aligned markets and providing increased visibility on long-term cash flows, a factor often highlighted in analyst coverage of defense stocks seeking predictable program revenues.

What the company sells in defense

Saab generates its revenue primarily from advanced defense and security products, including the Gripen multirole fighter aircraft, the A26-class submarines and a range of missile, radar and command-and-control systems. The A26 submarines for Poland are designed around stealthy operations, flexible payload modules and modern combat systems, giving the company a flagship product in the undersea domain that ties into its wider portfolio of sensors, weapons and electronic warfare equipment.

Where the Saab B shares trade today

The Saab B shares (SE0000112385) trade on 2026-06-29 at approximately 495.25 Swedish crowns on Nasdaq Stockholm, based on MarketScreener’s 13:51 quotation. The stock’s intraday range sits near 489 to 501.9 crowns, with the current market capitalization around 80 to 85 billion crowns depending on the latest price and share count.

This article is intended solely for informational purposes and does not constitute investment advice, a recommendation or an offer to buy or sell securities. All data are based on sources believed to be reliable at the time of publication, but no warranty is made as to their accuracy or completeness.