Saab Shares Rise Following $123 Million Gripen Order

By EC Assets · Published 15 October 2026

Saab shares increased on Thursday following news of a significant order. The Swedish defense firm received a $123 million order for Gripen flight controls. This development occurred as Saab continues to engage in international sales of its Gripen fighter jets. Saab shares rose 2% on October 15, 2026. The increase followed the announcement of the Gripen flight control order. Investing.com reported this share movement. Saab has been active in expanding the global reach of its Gripen fighter jets. The company signed a $3.6 billion Gripen fighter deal with Colombia. Reuters reported this agreement. Saab also made an offer to Colombia for the proposed purchase of an undisclosed number of Gripen fighter jets. The company is also looking at a potential deal for the sale of these jets to Peru. The defense sector globally has seen various activities. This includes firms like Saab securing new contracts and exploring new markets for their defense products. The company's recent order highlights ongoing procurement in aerospace and defense. Market participants will monitor further developments regarding Saab's international Gripen sales efforts. Any new contract announcements or progress in existing deals could influence market sentiment. This article is intended for informational purposes only. It does not constitute investment advice.