Hi again! Yet another small press release from Saab. Here is our short and concise take on it:
Saab received ~1 BNSEK from FMV for the serial production of launcher systems for Gripen C/D and E. The company mentions in the release that this was included as an option under an existing development and integration contract at Aeronautics with the Swedish client, so it’s not really surprising. The system carries air-to-air missiles and countermeasures pods, and adds to the Q4’25 order intake but is small compared to Aeronautics’ backlog of ~45 BNSEK and very small against the group’s ~95 BNSEK. The order reinforces our view of continued sustained demand for Aeronautics’ offering, which we believe to be fundamentally strong, but given its size, we make no changes to our estimates.
The press release: Saab receives order for launch system for Gripen from Sweden - Inderes