Latest news for Saab (OTC:SAABF) Stock

Saab supplies products and services for military, defense, and civil security. The company operates in four segments: aeronautics, dynamics, surveillance, and Kockums. Aeronautics involves the manufacturing and support of defense and commercial aerial systems. Dynamics produces combat weapons and defense training and management systems. Surveillance supplies security services, and creates traffic management technology and aviation parts. Kockums offers solutions for naval missions. Over three fourths of Saab's sales are from the defense sector. The company sells to multiple geographic regions, but over half of its sales come from Europe.

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Boeing Expands Contract With SAAB For 787 Dreamliner Program

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Air Canada Joins the List of United Airlines, Mesa Air In Placing Order For Battery Powered Aircrafts

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Canada Likely To Pick Lockheed Martin For Fighter Jet Contract: Reuters

Saab AB

Boeing Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) penned a&nbsp;<a class="editor-rtfLink" href="https://www.saab.com/newsroom/press-releases/2023/saab-and-boeing-sign-787-dreamliner-agreement" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">contract expansion agreement&nbsp;</a>with&nbsp;SAAB AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/saabf#OTC">SAABF</a>) for manufacturing of large cargo doors, bulk cargo doors and access doors for the 787 Dreamliner.
This is an extension of an existing contract signed with SAAB in 2004 for the 787 Dreamliner program.
Since the program started, SAAB has delivered over 1,100 shipsets for the Boeing&#39;s 787 Dreamliner program.
&quot;With this contract extension we continue to be a proud partner to Boeing on the successful 787 programme, one of the world&#39;s best-selling widebody aircraft. It strengthens our good and long relationship with Boeing and enhances the cooperation we have, both on commercial aerostructures and the T-7A trainer on the defence side,&quot; said Lars Tossman, head of SAAB&#39;s business area Aeronautics.
Last month, Boeing warned of delivery delays of 737 MAX jets&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/08/34024370/boeing-shares-are-trading-lower-thursday-whats-going-on" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">due to a manufacturing defect</a>.&nbsp;
Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/08/34133969/boeing-pauses-south-carolina-operations-due-to-hurricane-idalia-report" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Boeing Pauses South Carolina Operations Due To Hurricane Idalia: Report</a>
Price Action: BA shares are trading lower by 0.48% at $222.32 on the last check Tuesday.
Photo Via Company

<ul>
<li>Air Canada&nbsp;(OTCMKTS: ACDVF) said it would&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/09/n28879399/air-canada-to-acquire-30-es-30-electric-regional-aircraft-from-heart-aerospace" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">buy electric planes</a>&nbsp;for the first time by acquiring 30 battery-powered regional aircraft from Sweden-based Heart Aerospace.</li>
<li>The release did not disclose a value for the deal.</li>
<li>The revolutionary regional aircraft, expected to enter service in 2028, will generate zero emissions flying on battery power and yield significant operational savings and benefits.</li>
<li>Heart&#39;s electric-hybrid aircraft under development, dubbed ES-30, will have a capacity for up to 30 passengers and generate zero emissions when they enter service, expected in 2028.</li>
<li>The aircraft will be powered by lithium-ion batteries, quieter, have better operational parameters, and have a smaller environmental footprint.&nbsp;</li>
<li>It will also be equipped with reserve-hybrid generators that can use sustainable aviation fuel. Fully loaded, the ES-30 is projected to have an all-electric, zero-emission range of 200 km extendable to 400 km with power supplemented by the generators and up to 800 km if the load is restricted to 25 passengers.&nbsp;</li>
<li>Charging time for the aircraft is expected to be 30-to-50 minutes.</li>
<li>&quot;Air Canada has taken a leadership position in the industry to address climate change. Introducing our fleet of the ES-30 electric regional aircraft from Heart Aerospace will be a step forward to our goal of net zero emissions by 2050,&quot; said Michael Rousseau, President &amp; CEO of Air Canada.</li>
<li>Concurrently, Air Canada and&nbsp;Saab AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/saabf#OTC">SAABF</a>) have each&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/09/g28879230/heart-aerospace-unveils-new-airplane-design-confirms-air-canada-and-saab-as-new-shareholders" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">invested $5 million</a>&nbsp;in Heart Aerospace.&nbsp;</li>
<li>Saab is a Swedish aerospace and defense company.</li>
<li>Previous orders for Heart Aerospace&#39;s ES-19 electric airplane were placed by&nbsp;United Airlines Holdings Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) and&nbsp;Mesa Air Group Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mesa#NASDAQ">MESA</a>) for 200 electric aircraft with an option for an additional 100 planes.</li>
</ul>

<ul>
<li>Canada will announce that&nbsp;Lockheed Martin Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) is the preferred bidder to supply 88 new fighter jets, a clear sign the U.S. company is set to win the multibillion-dollar contract,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/aerospace-defense/canada-chooses-lockheed-martin-preferred-bidder-jets-industry-source-2022-03-28/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported Reuters</a>.</li>
<li>The move suggests that Canada is under pressure to boost defense spending as the war in Ukraine rages.</li>
<li>The report noted that the federal government of Prime Minister Justin Trudeau will now only hold detailed talks with the U.S. company. Ottawa hopes to award the contract this year and take delivery of the first jets in 2025.</li>
<li>The contract could be worth up to C$19 billion ($15.10 billion), the report added. The former Conservative administration has decided to buy 65 F-35 jets in 2010 but later scrapped the decision.</li>
<li>If the negotiations fail, the government will turn to the other contender Sweden&#39;s&nbsp;Saab AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/saabf#OTC">SAABF</a>).</li>
<li>Price Action:&nbsp;LMT shares are trading lower by 1.26% at $447.92 and SAABF higher by 1.10% at $37.80 on the last check Monday.</li>
</ul>

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Stocks That Hit 52-Week Lows On Monday

The dispute between China and Southeast Asian countries over the South China Sea has prompted increased military action as the tension over who owns that area rises.
 China has asserted its claim to the sea, building artificial islands despite pushback from other nations that say the territory is rightfully theirs. Now, many Southeast Asian nations have begun to beef up their military in an effort to raise security and fend off China's advances.
<h3>Uniting Forces</h3>
Malaysia and the Philippines have made <a href="http://www.reuters.com/article/2015/06/04/us-japan-philippines-southchinasea-idUSKBN0OK12T20150604">agreements</a> with the Japanese government to join forces in order to secure their claims to the Sea.
 Tokyo has signed on to provide the Philippines Coast Guard with patrol ships, and the nation is considering fulfilling requests for surveillance aircraft as well.
<bzrelatedlink>Related Link: <a href="http://www.benzinga.com/trading-ideas/long-ideas/15/06/5569388/whats-social-media-sentiment-say-about-china-bonds-and-the-eu">What's Social Media Sentiment Say About China, Bonds And The Euro?</a></bzrelatedlink>
<h3>Western Contractors Step In</h3>
Vietnam, which has also claimed a stake in the South China Sea, appears to be turning to the West in order to improve its military forces. The nation is reportedly working with both European and U.S. contractors to secure a deal to purchase several different types of aircraft.
 According to <a href="http://www.reuters.com/article/2015/06/05/us-vietnam-airforce-exclusive-idUSKBN0OL04U20150605">Reuters</a>, Vietnamese officials are working with the U.S.'s Lockheed Martin Corporation (NYSE: <a class="ticker" href="/stock/lmt#NYSE">LMT</a>) and Boeing Co (NYSE: <a class="ticker" href="/stock/ba#NYSE">BA</a>), as well as several European firms like AIRBUS GROUP (OTC: <a class="ticker" href="/stock/eadsy#OTC">EADSY</a>)'s Eurofighter and Swedish Saab AB (OTC: SAABF) in order to replace its outdated Russian fighter jets.
 The Asian nation is also looking to buy unarmed <a href="http://www.benzinga.com/topic/drones">drones</a> and surveillance aircraft as well.
<h3>A Good Opportunity</h3>
Vietnam's need for military aircraft presents an interesting opportunity for the West, as the nation has traditionally relied on Russia for military purchases.
By supplying Vietnam, the U.S. and Europe could reduce the nation's dependence on Russia, something that would be beneficial for Western foreign policy.
Image Credit: <a href="http://pixabay.com/en/military-aircraft-carriers-602747/">Public Domain</a>

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saabf

South China Sea Dispute Spurs On Military Deals

Defence and security company Saab (OTC: SAABF) has received orders from 
 the Swedish Defence Materiel Administration (FMV) for continued 
 development of the New Lightweight Torpedo&nbsp;plus maintenance agreements 
 for underwater weapon systems and the Hydra sonar system. The total 
 order value amounts to approximately SEK 175 million.
 The orders come under the terms of the Letter of Intent (LoI) between 
 Saab and FMV that was announced on 9 June 2014. The LoI supports the 
 Swedish Armed Forces' underwater capabilities for the period 2015-2024. 
 "The New Lightweight Torpedo order represents another important step in 
 developing a new generation underwater weapon, in collaboration with FMV 
 and the Swedish Navy," says Görgen Johansson, head of Saab business area 
 Dynamics.
 <a href="http://www.benzinga.com/pressreleases/15/02/b5259097/saab-signs-contract-with-fmv-for-underwater-systems">See full press release</a>

Press Releases

Saab Receives Orders from FMV for Underwater Weapons Systems

UPDATE: Saab Waiting For Financing Before Paying Workers

Small Cap Analysis

Saab to Delay Wage Payments to Workers

Saab AB Stock Remains A Buy On Defense Budget Surge

TimesSquare Capital International Small Cap Q1 2024 Commentary

TimesSquare Capital Global Small Cap Q1 2024 Commentary

In a report released on July 2, Aymeric Poulain from Kepler Capital maintained a Hold rating on Saab AB (0GWL – Research Report), with a price targ...

Saab AB (0GWL) Receives a Hold from Kepler Capital

3 Aerospace Picks That Are Not Boeing

Saab AB GAAP EPS of SEK 3.28, revenue of SEK 29.36B

Saab AB (publ) 2024 Q2 - Results - Earnings Call Presentation

Saab AB (publ) (SAABF) Q2 2024 Earnings Call Transcript

In a report released on July 19, Aymeric Poulain from Kepler Capital maintained a Hold rating on Saab AB (0GWL – Research Report), with a price tar...

Kepler Capital  Sticks to Their Hold Rating for Saab AB (0GWL)

Saab AB: A Defense Stock Success Story For Investors

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Saab

Boeing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) penned a&nbsp;<a class="editor-rtfLink" href="https://www.saab.com/newsroom/press-releases/2023/saab-and-boeing-sign-787-dreamliner-agreement" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">contract expansion agreement&nbsp;</a>with&nbsp;SAAB AB&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SAABF#OTC">SAABF</a>) for manufacturing of large cargo doors, bulk cargo doors and access doors for the 787 Dreamliner.

This is an extension of an existing contract signed with SAAB in 2004 for the 787 Dreamliner program.

Since the program started, SAAB has delivered over 1,100 shipsets for the Boeing&#39;s 787 Dreamliner program.

&quot;With this contract extension we continue to be a proud partner to Boeing on the successful 787 programme, one of the world&#39;s best-selling widebody aircraft. It strengthens our good and long relationship with Boeing and enhances the cooperation we have, both on commercial aerostructures and the T-7A trainer on the defence side,&quot; said Lars Tossman, head of SAAB&#39;s business area Aeronautics.

Last month, Boeing warned of delivery delays of 737 MAX jets&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/08/34024370/boeing-shares-are-trading-lower-thursday-whats-going-on" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">due to a manufacturing defect</a>.&nbsp;

Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/08/34133969/boeing-pauses-south-carolina-operations-due-to-hurricane-idalia-report" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Boeing Pauses South Carolina Operations Due To Hurricane Idalia: Report</a>

Price Action: BA shares are trading lower by 0.48% at $222.32 on the last check Tuesday.

Photo Via Company

<ul>
	<li>Air Canada&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ACDVF#OTC">ACDVF</a>) said it would&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/09/n28879399/air-canada-to-acquire-30-es-30-electric-regional-aircraft-from-heart-aerospace" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">buy electric planes</a>&nbsp;for the first time by acquiring 30 battery-powered regional aircraft from Sweden-based Heart Aerospace.</li>
	<li>The release did not disclose a value for the deal.</li>
	<li>The revolutionary regional aircraft, expected to enter service in 2028, will generate zero emissions flying on battery power and yield significant operational savings and benefits.</li>
	<li>Heart&#39;s electric-hybrid aircraft under development, dubbed ES-30, will have a capacity for up to 30 passengers and generate zero emissions when they enter service, expected in 2028.</li>
	<li>The aircraft will be powered by lithium-ion batteries, quieter, have better operational parameters, and have a smaller environmental footprint.&nbsp;</li>
	<li>It will also be equipped with reserve-hybrid generators that can use sustainable aviation fuel. Fully loaded, the ES-30 is projected to have an all-electric, zero-emission range of 200 km extendable to 400 km with power supplemented by the generators and up to 800 km if the load is restricted to 25 passengers.&nbsp;</li>
	<li>Charging time for the aircraft is expected to be 30-to-50 minutes.</li>
	<li>&quot;Air Canada has taken a leadership position in the industry to address climate change. Introducing our fleet of the ES-30 electric regional aircraft from Heart Aerospace will be a step forward to our goal of net zero emissions by 2050,&quot; said Michael Rousseau, President &amp; CEO of Air Canada.</li>
	<li>Concurrently, Air Canada and&nbsp;Saab AB&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SAABF#OTC">SAABF</a>) have each&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/09/g28879230/heart-aerospace-unveils-new-airplane-design-confirms-air-canada-and-saab-as-new-shareholders" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">invested $5 million</a>&nbsp;in Heart Aerospace.&nbsp;</li>
	<li>Saab is a Swedish aerospace and defense company.</li>
	<li>Previous orders for Heart Aerospace&#39;s ES-19 electric airplane were placed by&nbsp;United Airlines Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and&nbsp;Mesa Air Group Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) for 200 electric aircraft with an option for an additional 100 planes.</li>
</ul>

<ul>
	<li>Canada will announce that&nbsp;Lockheed Martin Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is the preferred bidder to supply 88 new fighter jets, a clear sign the U.S. company is set to win the multibillion-dollar contract,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/aerospace-defense/canada-chooses-lockheed-martin-preferred-bidder-jets-industry-source-2022-03-28/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported Reuters</a>.</li>
	<li>The move suggests that Canada is under pressure to boost defense spending as the war in Ukraine rages.</li>
	<li>The report noted that the federal government of Prime Minister Justin Trudeau will now only hold detailed talks with the U.S. company. Ottawa hopes to award the contract this year and take delivery of the first jets in 2025.</li>
	<li>The contract could be worth up to C$19 billion ($15.10 billion), the report added. The former Conservative administration has decided to buy 65 F-35 jets in 2010 but later scrapped the decision.</li>
	<li>If the negotiations fail, the government will turn to the other contender Sweden&#39;s&nbsp;Saab AB&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SAABF#OTC">SAABF</a>).</li>
	<li>Price Action:&nbsp;LMT shares are trading lower by 1.26% at $447.92 and SAABF higher by 1.10% at $37.80 on the last check Monday.</li>
</ul>

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