Geopolitical conflict and sanctions exposure
Defence demand, customer access, and supplier continuity are affected by wars and sanctions regimes.
- Scope
- Ukraine, Middle East, Russia, Belarus, Iran, Israel-related supply chain
- Materiality
- high
SAAB
Saab AB is a Swedish defence and security company that develops and supplies military aircraft, sensors, command-and-control systems, weapons, and underwater and naval systems. Its business is organized around major product areas such as Aeronautics, Dynamics, Surveillance, and Kockums, with customers in Sweden and a broad set of international markets.
27.9k
1.28
0.78
| % | |
|---|---|
| Aeronautics | 25% Combat aircraft, trainer aircraft, and related aeronautical systems. |
| Dynamics | 25% Ground combat, missile, and weapon systems for military users. |
| Surveillance | 30% Radar, sensors, command-and-control, and electronic warfare systems. |
| Kockums | 20% Naval combat systems, submarines, and underwater solutions. |
Saab sells primarily to national defence forces, government agencies, and defence procurement organizations that buy...
- National defence forcesprimary
Buy aircraft, sensors, missiles, and naval systems for operational capability.
- Government procurement agenciesprimary
Source military equipment and system upgrades through formal tenders and contracts.
- Industrial partners and prime contractorssecondary
Buy subsystems and participate in collaborative programs such as aircraft development.
- Training and simulation customerssecondary
Buy simulators and training solutions to improve readiness and reduce lifecycle cost.
Saab is headquartered in Sweden and has major industrial and engineering activity there, while also operating in the U...
- •Sweden is the core home market and major production base
- •The U.S. is a key growth market for radars, training, and T-7A work
- •The U.K. supports radar and underwater manufacturing and sales
- •Australia is important for combat management and underwater systems
- •Germany, Finland, India, Poland, and the Baltics are expansion markets
Saab’s strategy centers on scaling production capacity, expanding in selected strategic markets, and investing in...
01
Scaling up production and delivery capacityshort-term
Long-cycle defence contracts require reliable industrial capacity and on-time delivery.
02
Focused market expansionmedium-term
Local presence and partnerships improve access to defence budgets and procurement channels.
03
Accelerating future capabilitiesmedium-term
R&D in software, autonomy, and AI supports next-generation defence platforms.
04
Empowering the workforcelong-term
Skilled engineers and project teams are essential for complex defence development and execution.
Saab faces geopolitical, regulatory, and execution risks because most of its revenue comes from regulated defence...
Execution risk on long-term customer projects
Complex development programs can face technical, schedule, and contract-management issues.
- Scope
- Aircraft, radar, missile, and naval programs
- Materiality
- high
Supply-chain disruption
Limited supplier bases and international sourcing can create bottlenecks and delays.
- Scope
- Critical components and selected suppliers in conflict-affected regions
- Materiality
- high
Responsible sales and anti-corruption compliance
Defence sales require enhanced due diligence, approvals, and monitoring of intermediaries.
- Scope
- Business intermediaries, high-risk opportunities, military equipment sales
- Materiality
- high
Long-term customer contract accounting
Can shift revenue and profit recognition across periods
Expected credit losses on receivables and contract assets
Affects provisions and reported operating profit
Foreign currency translation
Creates translation differences in OCI and affects comparability
R&D capitalization and amortization
Influences operating expenses, assets, and future amortization
SSAB AB
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: 11/08/2026