Saab

Saab AB is a Swedish aerospace and defense company headquartered in Stockholm, Sweden, with primary manufacturing in Linköping. Founded in 1937 by AB Bofors as a restructured aircraft manufacturer, it specializes in advanced technology for security and defense. The company operates through four main segments: Aeronautics, developing fighter aircraft like the Gripen and unmanned systems; Dynamics, producing missiles, torpedoes, and ground combat weapons; Surveillance, offering radar, electronic warfare, and sensor solutions; and Kockums, focusing on submarines and naval systems. Saab maintains operations in over 30 countries, with subsidiaries in the U.S., UK, Australia, and Canada, exporting to more than 100 nations through partnerships for joint ventures like Gripen International. Its global supply chain involves collaborations for avionics and propulsion, complying with ITAR, EAR, and NATO standards for export controls and cybersecurity. The firm invests in AI-integrated systems and sustainable practices, targeting net-zero emissions by 2050. In 2024, Saab reported net sales of 59.8 billion SEK (approximately $5.7 billion), a 22% rease from 2023, driven by defense contracts and order backlog exceeding 140 billion SEK.