Saab’s recent surge in orders can be attributed to a combination of large-scale export deals and Sweden-linked contracts, with Poland emerging as a major new customer. The company’s success in securing these significant contracts, particularly in air defence and future air combat systems, is positioning Saab as a key player in both the global defence sector and Sweden’s national security infrastructure.
Poland: A Major New Customer
Submarines and the Orka Deal
Poland has chosen Saab to deliver three A26 submarines as part of the highly anticipated Orka project. Valued at approximately 26 billion kronor, this multi-billion-dollar deal represents one of Sweden’s largest-ever naval export contracts. The Orka deal is significant not only for the scale of the purchase but also for its long-term strategic implications. Poland’s decision to invest in modern, advanced submarines underscores the growing importance of Swedish defence technology in Europe.
Carl-Gustaf M4 Framework Agreement
In a separate development, Saab’s Carl-Gustaf M4 system has entered a framework contract with Poland’s defence ministry, encompassing weapons, ammunition, and training. The deal, worth around 12.9 billion kronor for the period of 2024–2027, marks one of Saab Dynamics’ largest-ever contracts. This order is a vital addition to Saab’s growing portfolio in land systems and represents an important diversification into Poland’s extensive land-based defence strategy.
Sweden: Strengthening National Defence
RBS 70 NG Air Defence Order
The Swedish Defence Materiel Administration (FMV) has placed an order with Saab for the RBS 70 NG mobile short-range air defence system, valued at around 1.5 billion kronor. The contract includes the provision of advanced missile systems, with deliveries expected between 2027 and 2028. This order, focused on Sweden’s immediate air defence needs, reinforces Saab’s position as a leader in cutting-edge defence technologies.
Future Fighter Systems
FMV has also awarded Saab a contract valued at approximately 2.6 billion kronor to continue development work on Sweden’s next-generation fighter systems. The contract, covering conceptual studies and technology development for both manned and unmanned aircraft, will span from 2025 to 2027. This collaboration underscores Sweden’s commitment to enhancing its air combat capabilities through Saab’s innovative technologies, paving the way for future fighter systems that will play a critical role in Sweden’s military strategy.
Expanding Global Presence: Air Defence, Surveillance, and More
Ground-Based Air Defence and Radar Systems
In addition to the high-profile contracts with Poland and Sweden, Saab has secured several international orders for ground-based air defence systems, including command and control (C2) and radar systems. A particularly notable deal includes a multi-year contract for the Giraffe AMB and the Giraffe 1X radar systems, which have already been deployed by the U.S. Army. These radar and C2 systems are integral components of Saab’s expanding surveillance capabilities, complementing its broader order intake.
Gripen E/F Fighter Aircraft Exports
Saab’s Gripen E/F fighter aircraft continue to attract interest from international markets. A significant contract was awarded to Saab by Thailand, worth 5.3 billion kronor, for the acquisition of Gripen E/F jets. This deal, expected to be finalized by late 2025, is a notable addition to Saab’s growing Gripen export portfolio, which already includes sales to countries like Brazil, Hungary, and the Czech Republic. Gripen’s proven performance and versatility continue to make it a preferred choice for air forces around the world.
GlobalEye and AEW Aircraft
Saab has also experienced strong demand for its GlobalEye airborne early warning (AEW) aircraft and Saab 340 AEW platforms. Sweden has placed an order for a third GlobalEye unit, while Poland has ordered Saab 340 AEW platforms. These contracts bolster Saab’s position as a leading provider of surveillance and early warning systems, catering to both domestic and international clients.
Major Export Contracts: A Glimpse into Saab’s Future
Poland’s Defence Contracts: Key Orders
- Carl Gustaf M4: The framework contract with the Polish defence ministry, worth 12.9 billion kronor over the 2024–2027 period, is Saab Dynamics’ largest single contract to date. It was officially booked into Saab’s order intake in Q2 2024.
- A26 Submarines: Poland has selected Saab’s A26 submarines in a deal that could ultimately reach 26 billion kronor. Formal negotiations with the Swedish government are ongoing to finalize the contract.
Western Country Order: High-Value Defence Equipment
In May 2024, Saab secured a 7.7 billion kronor order from an undisclosed Western country for a range of defence equipment, sourced from Saab’s Dynamics and Surveillance divisions. The delivery timeline for this contract is set for 2027–2028. Although the identity of the customer remains confidential, this deal is expected to significantly contribute to Saab’s growth and expansion, particularly in the European and NATO markets.
Air Defence, Radar, and Munitions
- Giraffe Radars and Air Defence: Saab has received multiple international orders for Giraffe radars and related air defence systems, including a 1.7 billion kronor contract set to span several years. These radar systems are critical for modern military operations, providing effective surveillance and early warning capabilities.
- Munitions and Shoulder-Fired Weapons: Saab has booked several large export orders for AT4 and Carl Gustaf systems, primarily destined for NATO and partner countries. These orders are particularly significant as they serve to replenish stocks depleted by transfers to Ukraine, marking a record 96.8 billion kronor order intake in 2024.
Saab’s Strategic Outlook: High-Volume, High-Value Exports
As Saab moves forward into 2024–2025, the company’s order book continues to reflect a clear trend of large, multi-billion kronor deals, primarily from NATO and Western countries. Poland has emerged as a central partner, securing several high-value contracts across air, naval, and land defence systems. Meanwhile, Saab’s strong portfolio of fighter jets, surveillance systems, and munitions is expanding across international markets, particularly within the European Union and NATO members.
Saab’s ability to maintain steady growth while securing these high-value contracts signals the company’s ongoing importance in the global defence industry, with its innovative technology and commitment to strengthening national and international security infrastructure. With Poland’s growing role as a strategic partner and Sweden’s investment in next-generation defence capabilities, Saab is well-positioned for future success, both in the domestic and international markets.