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Saab receives order for RBS 70 NG from Latvia

1. Saab receives a SEK 2.1 billion order from Latvia for RBS 70 NG. 2. Deliveries of the RBS 70 NG system are scheduled between 2026 and 2030. 3. RBS 70 NG enhances Latvia's air defense capabilities against various aerial threats. 4. The system features advanced tracking technology for effective target engagement.

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FAQ

Why Bullish?

The sizeable order enhances Saab's financial outlook, similar to past defense contracts boosting stock prices.

How important is it?

The significant order and technology advancement position Saab favorably in the defense market.

Why Long Term?

Revenue from the contract will materialize from 2026 to 2030, influencing future earnings.

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SAABFLMTNOC
, /PRNewswire/ -- Saab has signed a framework agreement with the Latvian Ministry of Defence for the short-range ground-based air defence system RBS 70 NG and received an order within the agreement. The order value is SEK 2.1 billion and deliveries will take place 2026-2030. The order includes RBS 70 NG firing units and missiles as well as trainer units. "Saab continues to support the Latvian National Armed Forces with a strong ground-based air defence capability which will significantly enhance its crucial ability to detect and engage aerial threats," says Görgen Johansson, head of Saab's business area Dynamics. The RBS 70 NG system features an automatic target tracker and a built-in night sight and provides the user with capability to defeat threats including aircraft, drones and missiles from distances of up to nine kilometres.  ContactMattias RådströmHead of Media Relations+46 (0)734 180 018[email protected] Saab is a leading defence and security company with an enduring mission, to help nations keep their people and society safe. Empowered by its 25,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations. The information is such that Saab AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 31 March 2025 at 13.20 (CET). This information was brought to you by Cision http://news.cision.com https://news.cision.com/saab/r/saab-receives-order-for-rbs-70-ng-from-latvia,c4127868 The following files are available for download: SOURCE Saab WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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