'We're no longer a country that cannot be trusted'

Published On Mar 5, 2025, 7:03 PM

The CEO of Swedish defense firm Saab, Micael Johansson, highlights how Sweden's recent accession to NATO post-Russia's invasion of Ukraine has significantly improved its capability to secure defense contracts. Both Sweden and Finland, having joined NATO, are expected to see a rise in defense spending, benefitting local defense industries. With NATO increasing its military infrastructure and capabilities, particularly in response to tensions with Russia, there is a strong demand for advanced defense technologies and systems. Saab is poised to gain from these changes, especially as European defense sectors look to bolster their own industries to reduce reliance on American firms.