Aircraft and naval systems orders boost Saab's Q3 bookings

A demonstrator for Saab's Large Uncrewed Underwater Vehicle (LUUV), in an image released on 26 October 2026 alongside the demonstrator launch announcement. (Saab)

Saab's third-quarter operating profit (EBIT) rose 42% year on year to SEK1.945 billion, while its order backlog reached SEK364.2 billion at 30 September, the Swedish company reported on 23 October 2026. Sales rose 29.5% to SEK20.6 billion, or 30.6% organically, and the EBIT margin increased from 8.7% to 9.5%.

Saab Interim Results Q3 2026 Q3 2026 Q3 2025 Order bookingsSEK65.8 billion (USD6.6 billion) SEK20.9 billion (USD6.6 billion) Order backlog SEK364 billion (USD36.7 billion) SEK202.4 billion (USD20.4 billion) Book-to-bill ratio 3.2 1.3 Revenue (sales) SEK20.6 billion (USD2.1 billion) SEK15.9 billion (USD1.7 billion) EBIT SEK1.95 billion (USD197 million) SEK1.4billion (USD141.3 million) Operational cash flow SEK6.8 billion (USD684 million) SEK142 million (USD14.3 million

Saab's surveillance business unit booked a SEK10.1 billion order for two GlobalEye airborne early warning and control (AEW&C) aircraft from an undisclosed Middle Eastern customer, announced on 27 July. Separately, Canada and Saab signed a non-binding term sheet on 25 September for six GlobalEye aircraft and associated support. This is not a purchase contract or procurement commitment.

Saab's Naval business unit, which absorbed naval combat systems from its surveillance business unit on 1 April, secured a SEK8.7 billion order for combat systems for four German MEKO A-200 DEU frigates, announced on 16 July. This followed its 29 June contract for three A26 submarines for Poland, signed before Q3.

The company's dynamics business unit saw sales rise 10%, but EBIT fell 18% to SEK537 million as higher R&D spending and product mix reduced its margin from 19.3% to 14.3%. On 28 August, Saab announced an initial SEK1.2 billion Finnish order for RBS 70 NG short-range air-defence systems.