May saw Swedish aerospace giant Saab make significant strides in its defence-industry activity, with a major focus on the Gripen fighter jet and strategic partnerships. The Ukraine deal, if finalized, could potentially see up to 150 Gripen aircraft traded, boosting Saab’s export portfolio. Meanwhile, Airbus’ exploration of cooperation with Saab on future European fighters signals growing interest in Sweden’s defence capabilities. Additionally, Saab’s naval domain collaboration with PGZ Group expands its footprint in Eastern Europe and opens avenues for exports.
Technology & Capability Trends
Technology
Mentions
Assessment
Gripen E/F fighter jets
3
Saab’s advanced fourth-generation Gripen remains a hot commodity.
Meteor BVR missiles
1
Integration with Ukrainian Gripens boosts their combat capability.
Future Combat Air System (FCAS) / New Generation Fighter (NGF)
2
Potential collaboration with Airbus strengthens Saab’s position in European fighter programs.
Contract & Market Landscape
Deal
Value (USD)
Geography
Notes
Ukraine Gripen acquisition
$2,900M
Sweden, Ukraine
Includes donation of 16 Gripen C/D and purchase of up to 20 Gripen E/F.
What to Watch
Finalization of Ukrainian Gripen Deal: Saab’s CEO expresses optimism about sealing the deal in 2026.
Franco-German-Spanish-Belgian Fighter Cooperation: Airbus’ collaboration with Saab could shape Europe’s future combat air strategy.
Naval Domain Exports: Saab and PGZ Group’s partnership may unlock new export opportunities for surface vessels and submarines.