A Swedish Air Force Saab JAS 39 Gripen jetfighter takes part in the NATO exercise as part of the NATO Air Policing mission, in Alliance members’ sovereign airspace on July 4, 2023.
John Thys | Afp | Getty Images
Shares of Swedish defense giant Saab jumped on Friday morning, after the company reported stronger-than-expected profit and sales growth for the second quarter.
Shares were last seen trading 12.16% higher at 3:53 E.T.
Saab’s operating income for the second quarter came in at 1.98 billion Swedish kronor ($200 million), marking a 49% year-on-year jump and a beat on the 1.71 billion krona expected by analysts polled by LSEG.
Quarterly sales rose by a better-than-expected 30% year-on-year.
This breaking news story is being updated.
