NATO selects Saab GlobalEye over Boeing, signaling shift in defense orders
NATO has proposed spending about $4.5 billion to acquire up to 10 Saab GlobalEye surveillance aircraft, replacing aging AWACS. The award signals preference for Saab's system over Boeing, potentially reducing Boeing's European defense backlog in the near term while boosting Saab's order visibility and revenue cadence. The development may shift investor sentiment on European defense competition and procurement risk for BOE.
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