Airbus SE is trading 4.6% up at $183.28 following reports that the company is targeting Sweden’s Saab as a primary partner for its next-generation fighter jet program.
- The strategic pivot comes as the existing Franco-German FCAS project shows signs of unravelling, potentially strengthening Airbus's position in future European defense programs.
- The stock is seeing a significant rebound today after enduring several flat-to-negative sessions earlier in the week.