Saab Reports Strong Mid-Year Growth Amid Capacity Expansion and Supply Chain Boosts

Swedish defense company Saab has revealed impressive financial results for the first half of 2026, reporting an operating profit of 4.7 billion SEK, up from 3.4 billion SEK the previous year. The company saw an 82% surge in order intake, reaching 86.6 billion SEK, which fueled a 61% increase in its order backlog to 317.7 billion SEK. Revenue also climbed 25% to 44.6 billion SEK in the second quarter, surpassing expectations for sales and profit figures.

In response to rising demand, Saab is actively addressing supply chain challenges that could affect production. Micael Johansson, speaking to TT, emphasized the company's efforts to expand capacity through investments in new factories and increasing stock levels of essential components and raw materials.

To support this growth, Saab has recruited 1,600 employees so far this year, with plans to maintain a net hiring rate of 3,000 annually. Johansson noted that 80% of these new jobs are based in Sweden, contributing positively to the domestic economy, while 20% are in other countries.

The dual focus on scaling up production capacity and strengthening supply chain resilience positions Saab to effectively manage the spike in orders and maintain operational stability. The company's robust financial performance demonstrates strong market demand for its defense products and services amid strategic efforts to sustain growth.