Saab Raises Guidance, CEO 'Absolutely' Sees Current Momentum Being Sustained

Saab expects the company’s current momentum to be sustained, which is why the defense product manufacturer raised its full-year guidance for organic sales growth with its third-quarter report Friday, CEO Micael Johansson says in interview with Bloomberg TV. Saab gained as much as 7.9%, the most since July, after its raised its full-year outlook and its sales and EBIT beat the average analyst estimate. Micael Johansson it was "great news" that Ukraine is prioritizing ordering the Gripen fighter yet and that mega deals concerning it or the Globaleye air warning jets are political decisions driven by relationships between countries. (Source: Bloomberg)