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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Amid the ongoing war in Ukraine, a major arms deal underscores continued Western support for Kyiv. Saab AB has signed a $2.54 billion contract with Ukraine to supply Gripen fighter jets, according to Reuters. The deal is the largest in Saab's history by value and marks a significant export breakthrough for the Swedish defense company.
The agreement comes as European nations ramp up defense spending against the backdrop of the Russia-Ukraine conflict. The contract is expected to substantially boost Saab's order backlog and revenue visibility over the coming years. Per market data, SAABF shares closed at $51.17 on June 30, 2026, with a daily low of $51.17 and a high of $52.41.
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Sign InInvestors will watch Saab's execution on the delivery timeline, which may span several years, and the potential for follow-on orders from other countries seeking fighter jet modernization. At the June 30 close, SAABF was trading near its intraday low, potentially offering an attractive entry point for investors seeking exposure to the defense sector amid rising geopolitical tensions.