Saab reported third-quarter earnings and revenue above expectations, with new orders more than tripling from a year earlier to 65.8 billion Swedish kronor ($6.6 billion), boosted by the Gripen deal with Ukraine. Third-quarter sales reached 20.6 billion kronor and EBIT reached 1.95 billion kronor, both ahead of FactSet forecasts of 20 billion and 1.9 billion kronor. The 24.6 billion kronor contract for 16 Gripen E jets for Ukraine was signed in June, with deliveries scheduled for 2029-2030, while other orders included 10.1 billion kronor for GlobalEye for a Middle East customer and 8.7 billion kronor for systems for German frigates. CEO Micael Johansson said growing customer demand is reflected in major contract awards, but Saab shares have fallen in recent months as some investors question whether valuations have outpaced the industry's ability to deliver.
Summary written by Upside AI from the original article. Read the source for full details.
Keywords
Open a keyword to see other news on the same topic.
Related news
- German Chancellor: Aid to Ukraine Is a 'Huge Burden' on European Budgets
German Chancellor Friedrich Merz acknowledged that support for Ukraine is a huge burden on European budgets, but said European countries intend to keep helping until the conflict ends. He said Germany and other European allies are funding military aid to Ukraine without US participation. Armin Laschet, chair of the Foreign Policy Committee, said Germany has exhausted its capacity to provide military aid ahead of winter with no reserves left, and called for more pragmatism and clearer priorities.
- Europe is not an ATM , Mr . Zelensky : Backlash over additional 70B euros demanded
Ukrainian President Volodymyr Zelensky has asked European partners for at least 70 billion euros more for 2027 to fund defense, equipment and resilience, on top of a 90 billion euro loan already agreed for 2026-2027, and estimated the 2027 war will cost 155 billion euros. The EU has planned about 45 billion euros for 2027, and the European Commission acknowledged a funding gap but has not decided how to raise the extra money. Options including new loans, market borrowing backed by the common budget, frozen Russian assets or third-country contributions all face legal, political or burden-sharing obstacles. Czech Prime Minister Andrej Babiš said Czechia will not guarantee the funds, while Swedish Prime Minister Ulf Kristersson called a nearly 60% rise in Sweden's net EU budget contribution “completely unacceptable” and said a small group of countries cannot keep carrying a growing burden.
- Ukrainian commander describes Ukrainian drones “falling like figs”
A Ukrainian commander says drones bound for Russian military targets lost video signals after losing connection to Starshield, the satellite internet service backed by the Pentagon, and many fell from the sky, costing Ukraine more than US$1 million in UAVs. The disruption forced units to halt nearly all operations for three days, including strikes on Russian command posts and fuel depots. Even after improvements, drones can lose connection above 100 mph (about 160 km/h), down from 250 mph (about 400 km/h) previously, which also hampers interceptor drones that must outpace their targets. The White House denies any change to satellite internet services in Ukraine, while Secretary of State Marco Rubio said Starlink speeds had slowed at times before being restored.
- Musk's clash with Ukraine accelerates demand for Starlink alternatives. Few exist
Tensions between Elon Musk and Ukraine highlight Starlink's key role in Kyiv's defense and the risks of relying on a single satellite provider. On Oct. 14, Ukrainian officials accused SpaceX and the U.S. of abruptly imposing speed limits on Starshield, cutting connectivity for drones and aircraft flying above 100 miles per hour; one commander said the restrictions cost his unit more than $1 million and delayed missions by 3 days. The Wall Street Journal reported that Musk ordered the changes after discussing them with Trump, though Trump said he was not involved, and a bipartisan group of U.S. lawmakers has called for an investigation. Starlink has more than 11,000 satellites and operates in 174 countries, while Amazon Leo has only 390 satellites in orbit, and rival projects remain distant, with TeraWave targeting its first deployment in the fourth quarter of 2027 and the EU's IRIS² not expected to launch until 2029.
- Patriot missile shortage: Poland admits it cannot keep supplying Ukraine
Polish Foreign Minister Radoslaw Sikorski said Poland no longer has enough Patriot missiles to hand over to Ukraine and urged other NATO members to share their scarce supplies. He warned that the shortage of interceptors has worsened after attacks on Iran, while Russia is producing more missiles than there are interceptors to counter them. The issue sparked political controversy in Poland in July, when the opposition accused the government of sacrificing national security to arm Ukraine, while Prime Minister Donald Tusk insisted the deliveries would not weaken national defense. Relations between Poland and Ukraine have also soured over Ukraine's honoring of controversial World War II-era figures.
- Calls Grow In Europe For Governments To Develop Alternatives To , Or Outright Abandon , Musk - Controlled Tech
Ukraine is pushing for a European alternative to Starlink after restrictions on Starshield, the military version of Starlink, reportedly cut connectivity for drones flying faster than 100 mph and forced cancellation of many defensive missions. Elon Musk suggested the U.S. government was behind the restrictions; President Donald Trump denied this, but Reuters corroborated the charge. Polish Foreign Minister Radosław Sikorski accused Musk of “playing politics,” while Ukrainian official Ihor Zhovkva said European countries must have their own system. The EU's IRIS² network, with 348 satellites, is not expected to be operational until 2029 or 2030. Separately, the EU announced a $137 million fine against X under the Digital Services Act, and Scotland's SNP backed a UK-wide ban on X.
Related markets
Latest news
- Proposal to add price negotiation for medical equipment procurement packages
On the morning of 23 October, Finance Minister Ngô Văn Tuấn presented the draft amended Law on Bidding at the second session, with a stated priority on domestic bidding. The draft adds price negotiation for medical equipment packages with only 1 or 2 types of equipment meeting a healthcare facility's professional needs, and allows direct purchases from equipment owners or authorised agents. It also lets domestic contractors use foreign subcontractors for work they cannot yet perform, provided foreign contractors form joint ventures with Vietnamese contractors. A price database would be integrated with customs and tax data to serve as a reference for determining package prices. The Economic and Financial Committee proposes keeping open bidding as the main method, citing brand names only when there is a necessary basis, and not assigning core work to foreign subcontractors.
- Sữa Quốc tế Lof swings to net profit of over VND 224 billion in the third quarter of 2026 after a same-period loss
In the third quarter of 2026, Sữa Quốc tế Lof's net revenue reached nearly VND 2,148.7 billion, up 32.8% year on year, as gross margin rose from 29.1% to 40%. Profit after tax was over VND 224 billion, compared with a net loss of nearly VND 133.7 billion in the same quarter last year. For the first nine months of 2026, net revenue totalled over VND 6,127 billion (up 10.2%) and profit after tax was over VND 697.5 billion, reversing a net loss of over VND 62.7 billion a year earlier; the company has completed 73.8% of its full-year revenue plan and 99.6% of its full-year profit plan. Net operating cash flow was VND 1,108.6 billion for the nine months, and free cash flow was nearly VND 707 billion after VND 401.9 billion of fixed asset purchases. As of 30/9/2026, total liabilities rose 23.4% from the start of the year to over VND 5,171.5 billion, of which total borrowings and finance lease debt accounted for 69.3%.
- Russia-Ukraine: Is peace within reach?
Russia and Ukraine have both signaled readiness to resume talks mediated by the US, after US envoy Steve Witkoff met President Putin in St. Petersburg on October 21. Reuters reports that Yuri Ushakov acknowledged US proposals from Oslo did not fully meet Moscow's wishes, and the timing of a trilateral round is still unsettled: Kyiv wants early November, while the Kremlin points to after November 10. Meanwhile, Zelensky said Russia fired 21 ballistic missiles on October 22, and Russian officials said Ukraine launched 630 UAVs toward Moscow, figures not yet fully verified by third parties. Moscow seeks a long-term security settlement rather than a short-term ceasefire, while Donbas, territory and military limits remain the key sticking point, with Kyiv opposing ceding areas it still controls.
- Stock Market: Will S&P 500 Open Up or Down Today?
U.S. stock futures were slightly lower early Friday as Wall Street dealt with geopolitical stalemates, soaring oil prices and fresh regulatory scrutiny of prediction markets. The article also notes that the crowd on Polymarket, a prediction platform based on Polygon (CRYPTO: POL), was nearly evenly split.
- Proposal to let the Government decide on extraordinary investment incentive and support packages
A draft amendment to the Investment Law, presented to the National Assembly by Finance Minister Ngô Văn Tuấn, would widen market access for foreign investors and add incentives to promote the green and digital economies. The draft adds 4 new forms of investment support: supply chain development, high-tech product manufacturing, fixed-asset investment, and business cooperation with universities, vocational schools and science and technology organisations, plus exemptions or reductions of sea-area use fees. Under the proposal, the Government could decide on extraordinary incentive packages tied to foreign-invested firms' commitments on technology, R&D, local value added, and green and digital transformation. The Economic and Financial Committee asked that the power to loosen market-access conditions be carefully weighed and that criteria for special incentives be set out in the law itself.
- Pre-tax profit up 5% in 9 months, Imexpharm holds steady amid headwinds
For the first nine months of 2026, Imexpharm (ticker IMP) booked net revenue of VND 1,652 billion, down 8% year on year, but pre-tax profit reached VND 326 billion, up 5% and completing 65% of its annual plan. Gross margin improved from 39.7% to 41.5% and EBITDA margin reached 24.3%, up 2 percentage points, helped by production optimisation and lower operating costs. Q3 revenue from its pharmacy chain rose 206% year on year, while ETC channel revenue grew 10% in the quarter, narrowing the cumulative decline to 2%. The company said it was affected by changes to prescription drug regulation, tax policy for household businesses and competitive pressure, and was named to Top 50 ESG Leaders Vietnam 2026 by Forbes Việt Nam.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.