Gripen fighter jet maker Saab's Q3 profit up on increased military spending, raises sales forecast

Core Viewpoint - Saab reported a 16% increase in third-quarter operating profit, which was slightly below expectations, and raised its full-year sales guidance due to increased military demand [1] Group 1: Financial Performance - The operating profit for the third quarter rose by 16%, indicating strong performance despite being marginally smaller than market expectations [1] - The company has adjusted its full-year sales guidance upwards, reflecting positive market conditions and demand for defense materials [1] Group 2: Market Context - The increase in operating profit is attributed to soaring military demand, highlighting the growing importance of defense spending in the current geopolitical climate [1]