Update II: By the close of trading, Saab had lost virtually all the gains recorded after last week’s Gripen announcement. The episode serves as a reminder that in defence markets, there is often a considerable distance between political intent, industrial negotiations and signed contracts.
Update: Saab’s share price fell 3.2% when the Stockholm stock market opened today, with financial media citing my comments on the Gripen deal as one factor behind the move. The headline has been updated to reflect this.
— Johan
