NATO will begin formal negotiations with Saab to acquire up to ten next-generation GlobalEye systems. These Airborne Early Warning & Control (AEW&C) aircraft will replace the alliance's aging E-3 Sentry fleet. Secretary General Mark Rutte announced the selection at the NATO summit in Ankara, Türkiye.
Morgan Stanley double-upgraded Saab to overweight from underweight. The bank raised its price target for the stock to SEK 700 from SEK 540. Analysts cited strong order momentum not yet reflected in consensus estimates. Recent large contracts and a significant future pipeline provide a clear path to earnings upgrades.