Saab signs Canada term sheet as Barclays lifts Saab B stock target
Published on 10/05/2026 at 10:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Saab B (ISIN SE0021921269) was trading at EUR 54.78 at Lang & Schwarz on October 5, 2026 at 10:32 a.m. CEST. On September 25, 2026, Saab signed a non-binding term-sheet agreement with Canada's Defence Investment Agency for detailed negotiations covering six GlobalEye aircraft, while MarketScreener reported on September 21, 2026 that Barclays raised its target from SEK 740.00 to SEK 755.00 and reiterated Overweight.
Canada opens GlobalEye negotiations
The Canadian agreement creates a framework for negotiations on configuration, industrial participation, capability development and program execution. Saab said the term sheet is not a contract or a commitment to procure aircraft, making the six-aircraft plan a potential order rather than booked revenue.
The proposed package includes associated systems, training and support for the Royal Canadian Air Force. That gives Saab a substantial international reference opportunity, but the commercial value and delivery schedule remain part of the negotiations.
Q2 growth supports the valuation case
Affarsvärlden reported that Saab generated SEK 25.5 billion in sales in the second quarter of 2026, up 32.80 percent from the second quarter of 2025. Operating income reached SEK 2.79 billion, compared with SEK 1.98 billion a year earlier, and the operating margin rose to 11.00 percent from 10.00 percent.
Saab's investor-relations page lists an order backlog of SEK 318 billion as of June 30, 2026. The backlog is more than twelve times second-quarter sales, highlighting the scale of the delivery task as the company expands production across aircraft, sensors, weapons and naval systems.
Target increase meets execution test
Barclays' move to SEK 755.00 from SEK 740.00 puts its target SEK 138.40 above the Lang & Schwarz price when the currencies are kept separate, so no direct upside calculation is appropriate. The useful signal is the combination of a higher target and the Canada term sheet, while the absence of a signed procurement contract keeps execution and conversion central to the investment case.
The next scheduled interim report is October 23, 2026, according to the events calendar on Affärsvärlden. Investors will receive a clearer test of whether the SEK 318 billion backlog is converting into sales, margin and cash flow at the pace implied by the Q2 figures.
Saab B price and trading context
Saab B was trading at EUR 54.78 at Lang & Schwarz on October 5, 2026 at 10:32 a.m. CEST. The primary listing is on Nasdaq Stockholm, where the finance quote showed SEK 616.60 at 8:35 a.m. UTC on October 5, 2026, compared with SEK 612.60 previously.
The further course of trading is shown by the continuously updated real-time quote of Saab B stock.
Saab B stock facts
- Company: Saab AB (publ)
- ISIN: SE0021921269
- Ticker: SAAB-B
- Primary exchange: Nasdaq Stockholm
- Price Lang & Schwarz as of October 5, 2026, 10:32 a.m. CEST: EUR 54.78
- Market capitalization: SEK 327.0 billion as of October 5, 2026
- 52-week range: SEK 445.10-748.80 as of October 5, 2026
- Sector / Industry: Aerospace and Defense
- Next earnings date: October 23, 2026
