Saab AB (SAABF,SAABY, SAAB-B.ST) Wednesday said that it has secured an order worth 3 billion Swedish Kroner from the Lithuanian Ministry of National Defence for RBS 70 Bolide missiles. The deliveries are scheduled to take place between 2028 and 2032, the company added.
According to the company, the order falls under an existing framework agreement for its short-range air defence missile system, RBS 70 NG, between Saab, the Swedish Defence Materiel Administration, and the Lithuanian Ministry of National Defence.
Saab said that the RBS 70 NG is part of its vehicle-integrated Mobile Short-Range Air Defence Solution or MSHORAD acquired by Lithuania, providing protection for mobile units.
On the OTC Markets, SAABF.PK ended Wednesday's trading at $57.17, up 0.93 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
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.