Saab strengthens Gripen engine ties. Barclays lifted target to SEK 755 for Saab B stock

Saab B (SE0021921269) was trading at EUR 52.70 at Lang & Schwarz on October 8, 2026 at 11:42 a.m. CEST, down 0.40 percent from the prior close. On October 8, Saab and GKN Aerospace agreed to deepen cooperation on Gripen E/F engine and propulsion systems, as MarketScreener reported. Barclays had lifted its target from SEK 740 to SEK 755 on September 21, 2026, according to MarketScreener.

Gripen engine cooperation deepens

The agreement gives GKN Aerospace a progressively larger role in engine-related matters for the Gripen E/F program. Saab and GKN already cooperate on the Gripen C/D engine, but the new arrangement extends the relationship to the newer fighter version, according to the October 8 report.

The development is industrial rather than a new aircraft order. The agreement establishes cooperation, capacity and technical support, while the Swedish government is strengthening national expertise in the engine area.

Q2 revenue reached SEK 25.45 billion

Saab's second-quarter 2026 revenue rose 32.80 percent year over year to SEK 25.45 billion, while operating profit reached SEK 2.79 billion. Simply Wall St reported that second-quarter earnings per share rose to SEK 3.98 from SEK 2.85 in the year-earlier quarter and that revenue exceeded analyst estimates by 6.70 percent.

The latest reported quarter therefore combines faster sales with a higher earnings base. Saab's order backlog stood at SEK 318 billion on June 30, 2026, according to the company's investor-relations page, giving the engine agreement a wider industrial backdrop.

Stock stays below the yearly high

Saab B is listed on Nasdaq Stockholm under the ticker SAAB B and trades in SEK, according to Börsfakta. The primary-market quote was SEK 589.70 at 9:50 a.m. UTC on October 8, 2026, while the 52-week range was SEK 445.10 to SEK 748.80 and market capitalization was SEK 312.7 billion.

Saab's next quarterly report is scheduled for October 23, 2026, according to Simply Wall St. For investors, the next test is whether the current industrial agreements translate into additional orders rather than only longer-term cooperation.

Trading remains below the prior close

Saab B was trading at EUR 52.70 at Lang & Schwarz on October 8, 2026 at 11:42 a.m. CEST, down 0.40 percent versus the Lang & Schwarz prior close of EUR 52.91 on October 7, 2026. The continuously updated real-time quote of Saab B stock.

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