Saab AB

Trump’s meeting with Putin is a win-win for European defense stocks, no matter the outcome
European defense stocks have further to run regardless of whether U.S. President Donald Trump and Russian counterpart Vladimir Putin achieve a breakthrough on the war in Ukraine later this week, market watchers say. Trump and Putin are slated to meet in person in Alaska on Friday, with a view to discuss what it would take […]
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Fighter jet maker Saab pops 12% on profit beat amid European defense splurge
A Swedish Air Force Saab JAS 39 Gripen jetfighter takes part in the NATO exercise as part of the NATO Air Policing mission, in Alliance members’ sovereign airspace on July 4, 2023. John Thys | Afp | Getty Images Shares of Swedish defense giant Saab jumped on Friday morning, after the company reported stronger-than-expected profit and sales […]
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European markets set to open higher as Wall Street notches three-day win streak
U.K. retail sales better than expected U.K. retail sales volumes rose for the third consecutive month in March by 0.4%, beating gloomy expectations of a 0.3% decline. Clothing and outdoor retailers said that good weather had boosted sales, according to the Office for National Statistics, offsetting a decline in supermarket sales. However, some economists expect […]
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As Europe ramps up defense spending, Thales CEO presses for the money to stay in the region
Europe should “take its destiny in its own hands” and strive to keep new defense budgets within its own borders, according to the chief executive of French defense giant Thales. The European Union plans to mobilize as much as 800 billion euros ($841 billion) to ramp up defense spending. The announcement came after the U.S. […]
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