SAAB-B.ST is trading approximately 11% up at $623.30 following a sharp multi-session rally driven by mounting optimism over significant defense contracts.
- Reports indicate NATO plans to replace its aging AWACS fleet with Saab’s GlobalEye surveillance jets, adding to recent momentum from Gripen E fighter aircraft deals.
- Investor confidence is further bolstered by a supportive analyst Buy rating and a SEK620 price target ahead of the company's interim results presentation scheduled for July 17.