OM:SAAB BAerospace & Defense
Saab (OM:SAAB B) Lands Fighter Contract With Valuation Still In Focus
Saab (OM:SAAB B) just landed a SEK 2,900 million contract from the Swedish Defence Material Administration for continued future fighter system concept work, sharpening attention on its role in advanced defense technology.
Saab shares trade at SEK577.7 after a choppy spell, with a 30 day share price return down 12% and a 7 day move also weaker. Yet the 90 day share price return of 11% and one year total shareholder return of 9% suggest longer term momentum has been firmer as fresh defence...