Fighter jet maker Saab pops 12% on profit beat amid European defense splurge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2025
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Source: CNBC
Saab's Financial Performance: Shares of Saab surged 12.16% following a strong second-quarter report, with operating income rising 49% year-on-year to 1.98 billion Swedish kronor and sales increasing by 30%, reflecting a significant boost in the European defense market.
European Defense Spending Trends: The European Commission proposed a 2 trillion euro budget to enhance defense funding amid a regional push for increased security spending, with NATO members agreeing to raise their defense targets to 5% of GDP, prompting companies like Saab to capitalize on heightened demand.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
