Saab investor relations material
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Providing the iconic JAS Gripen
Saab is a leading defense and security company originally founded 1937 in Sweden. With over 18,000 employees, the company serves the global market with services and solutions from military defense to civil security.
Saab mainly operates in five core areas: Aeronautics, supplying world-class fighter systems, as for example, the iconic JAS Gripen, and develops and produces other aircraft systems, one of which is the Pilot Training system T-7. Advanced weapons systems, with a product portfolio of ground combat weapons, missile systems, and torpedoes. Command and control systems, offering solutions from fire control to complete combat systems, as well as civil traffic management. Sensors, providing safety and security through surveillance, decision support, and threat detection. And the fifth area, Underwater systems, which includes underwater weapon systems and sensors.
History and background
Despite beginning to operate under the Saab name in 1937, the company's roots stretch back almost 400 years to the founding of the hammer mill in the Swedish village Bofors. Thanks to the strong foundation in its origin country - Sweden, the Swedish market is still one of the largest and most important for Saab. The company currently employs more than 15,000 people across over 40 localities in Sweden. Thus, Saab has been an integral part of the Swedish defense - on land, in the air, at sea, and in society.
A large portion of Saab’s sales are reinvested in R&D and through close cooperation with customers and other partners. Partly with this as a basis, they have been able to defend their position as one of the technological leaders. This position has made it possible for the company to sign long-term customer contracts that account for about 60 percent of total sales, an example of such contracts are the development and modification of Gripen E to the governments of Sweden and Brazil. The Swedish contract was signed in 2019 to provide support and maintenance services for the Gripen fighter jet, and reportedly stretch over a ten year period.