🔴 Golden Moment For SAAB JAS 39 Gripen : SAAB Stocks Increase Drastically ! advantage of NATO

Golden Opportunity For SAAB JAS 39 Gripen : SAAB Stocks Increase Drastically ! advantage of NATO

Defense manufacturer Saab will increase capacity as profits increase.
Swedish defense products company Saab will increase capacity to meet growing demand, it said on Friday after posting an increase in first-quarter profit and strong order intake.

Saab shares have soared 65% this year as more countries announce increases in defense budgets as a result of rising geopolitical tensions and conflict in Ukraine.

Saab, maker of the Gripen fighter jet and a range of military and civilian hardware, said it expects further supply chain challenges across the industry and will work to reduce shortages and ensure component delivery.

Shares of the company, which competes with US defense giant Lockheed Martin (LMT.N) as well as Boeing (BA.N), France's Dassault and Britain's BAE Systems (BAES.L), were up 3.5% at 0847 GMT.

Russia's invasion of Ukraine, which Moscow calls a "special military operation", has prompted many countries, including home market Saab, Sweden, to increase defense budgets.

Sweden and its closest military ally, Finland, are also considering whether to join NATO after decades of military neutrality.

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resource news : https://www.reuters.com
video by : https://www.youtube.com/user/SaabGroup
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