What Happened
Swedish Defense Company Boosts Backlog With Major Ukraine Contract
Saab has reported a significant increase in orders for the third quarter of 2026, driven by major deals for its Gripen E fighters and GlobalEye airborne early warning and control aircraft. The Swedish defense company’s order intake more than tripled to SEK 65.8 billion ($6.6 billion), with the Gripen E contract with Ukraine accounting for a substantial portion of this growth. Saab’s order backlog has also increased, reaching SEK 364.2 billion ($36.7 billion) at the end of September. The company’s quarterly sales and operating income have also seen significant growth, according to results published on October 23, 2026, as reported by AeroTime.