Saab traded at 569.30 this Friday May 29th, decreasing 6.90 or 1.20 percent since the previous trading session. Looking back, over the last four weeks, Saab lost 1.66 percent. Over the last 12 months, its price rose by 17.49 percent. Looking ahead, we forecast Saab to be priced at 516.65 by the end of this quarter and at 478.86 in one year, according to Trading Economics global macro models projections and analysts expectations.
Saab AB is a Sweden-based company offering products and services ranging from military defense to civil security. The Company’s operations are divided into six business areas. The Aeronautics includes the development of civil and military aviation technology, including the Gripen and Unmanned Aerial Systems. The Dynamics comprises a product portfolio of weapon systems, such as support weapons, missiles, Remotely Operated Vehicles and signature management systems. The Electronic Defense Systems provides airbone, land-based and naval systems and radar, signals intelligence and self-protection. The Security and Defense Solutions provides the military and civil security market with, among others, computerized command, control, communications and intelligence systems. The Support and Services offers service and support to the Saab’s clients. Among others, the Company operates through Thyssen Krupp Marine Systems AB and Nordic Defence Industries, a producer of mine disposal charge systems.