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Gunner station - Trackfire

Strengthening our position in Australia

1 min read

Australia is one of Saab’s strategic markets with significant potential for strengthening the current strong position and capturing further growth. The ambition is to become a natural part of the country’s defence capabilities.

There are several reasons for the importance of Australia as a strategic market. These include a long-term government commitment to increasing the defence budget (+70% to 2030) and to focus its investments on the local defence industry capabilities. Meanwhile, Saab has a long history of successfully partnering with the Australian Defence Force, well-established operations, a highly skilled workforce and a growing product portfolio in the country. In 2020, Saab achieved order bookings of over 160% compared to 2019 and organic sales grew by 4% for the full year.

Saab’s achievement in Australia in 2020:

  • Record order intake of 3.8 BSEK
  • ~2.1 BSEK Deployable Health capability contract
  • Partnering agreement with Defence for Combat Management Systems across Australian Navy fleet
  • Record sales of 1.5 BSEK, and expected to continue growing strongly in 2021
  • Continued positive cash-flow generation
  • Healthy profitability of EBIT>10%