Military defense provider Saab AB (SAABY) announced on Wednesday that it has received a SEK 1.8 billion order from the Czech Republic for its Mobile Air Defence or MSHORAD system, with deliveries planned between 2028 and 2030.
The order includes Saab's RBS 70 NG missile units with Bolide missiles, to be mounted on Czech-made MARS S-330 vehicles, along with a command system provided by local partners and an existing Czech military radar.
Görgen Johansson, head of Saab's business area Dynamics, said, "Our MSHORAD system adds mobility and extra protection for troops on the move."
On Wednesday, the stock of Saab closed 0.834% or $1.90 lower at $227.47
For comments and feedback contact: editorial@rttnews.com
Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.