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Saab orders triple after Gripen fighter deal with Ukraine
Swedish defense firm Saab said its orders tripled in the third quarter after a Gripen fighter jet deal with Ukraine, and results beat expectations. European governments are turning defense spending pledges into purchases.
Why it matters
Rising orders show European defense spending flowing to manufacturers.
Background
Saab makes the Gripen fighter jet. European countries have raised military budgets since Russia's 2022 invasion of Ukraine.
Sources
- CNBC ↗Oct 23, 12:26 PM ET
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