Defence material maker Saab posts higher profit


Share post:

STOCKHOLM (Reuters) – Swedish defence material maker Saab reported a rise in operating earnings for the third quarter and said it had seen continued strong interest in its products as it moved to take advantage of rising military spending in a host of countries.

The company, which focuses on areas such as aeronautics, advanced weaponry and command and control systems, said operating earnings rose to 568 million Swedish crowns ($51.9 million) in the quarter from a year-ago 500 million.

($1 = 10.9449 Swedish crowns)

(This story has been refiled to fix dateline)

(Reporting by Niklas Pollard, editing by Stine Jacobsen)

Source link


Please enter your comment!
Please enter your name here

Related articles

How to make money with an Auto Shop in GTA Online

If you want to make money from a recently purchased Auto Shop in GTA Online, you have...

As a freelancer, what should I be contributing to KiwiSaver?

I get that I should be putting money away, but does it need to be in...

Gold in backwardation, eyes weekly gains on less hawkish Fed By

© Reuters. By Ambar Warrick prices entered backwardation on Friday and were headed for mild gains this...