Saab receives order for RBS 70 NG from Finland

Rhea-AI Summary

Saab (OTC:SAABY) has signed a contract and received an initial order from the Finnish Defence Forces Logistics Command for deliveries of the RBS 70 NG short-range air defence system, with an order value of SEK 1.2 billion. The contract framework also allows Finland to place additional future orders for RBS 70 NG units, as well as related training, spare parts and maintenance equipment.

According to Saab, Finland has used the previous RBS 70 version since 2008. The RBS 70 NG adds an unjammable laser-guided missile, automatic target tracker and built-in night capability, aimed at increasing hit probability and enhancing operational use for Finland's air defence.

Positive

• Initial RBS 70 NG order worth SEK 1.2 billion from Finland
• Contract framework enables additional future orders plus training, spares and maintenance
• Strengthens Saab’s long-term relationship with Finnish Defence Forces using RBS 70 since 2008

Negative

• None.

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STOCKHOLM, Aug. 28, 2026 /PRNewswire/ -- Saab has signed a contract and received an initial order from The Finnish Defence Forces Logistics Command for deliveries of the RBS 70 NG air defence solution. The order value is SEK 1.2 billion

The new contract also enables Finland to place additional future orders for the RBS 70 NG as well as training, spare parts and maintenance equipment.

"We are proud to continue supporting Finland's Defence Forces and contributing to keeping the nation's skies safe. With RBS 70 NG, Finland will receive a state-of-the art short-range air defence capability to effectively meet evolving aerial threats," says Görgen Johansson, head of Saab's business area Dynamics.

The Finnish Defence Forces has been a user of the previous version of RBS 70 since 2008. The latest generation, RBS 70 NG, features the unjammable laser-guided missile while also adding a range of new capabilities, such as an automatic target tracker and built-in night capability which further increase hit probability and enhance operational use. 

Contact

Saab Press Centre
+46 (0)734 180 018
presscentre@saabgroup.com

Saab is a leading defence and security company with an enduring purpose, to help nations keep their people and society safe. Empowered by its 28,000 talented people, Saab constantly pushes the boundaries of technology to create a safer and more sustainable world. Saab designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. Saab is headquartered in Sweden. It has major operations all over the world and is part of the domestic defence capability of several nations.

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https://news.cision.com/saab/r/saab-receives-order-for-rbs-70-ng-from-finland,c4388686

The following files are available for download:

https://mb.cision.com/Main/183/4388686/4239177.pdf	Saab receives order for RBS 70 NG from Finland
https://news.cision.com/saab/i/saab-rbs-70-ng,c3560039	Saab RBS 70 NG

View original content:https://www.prnewswire.com/news-releases/saab-receives-order-for-rbs-70-ng-from-finland-302862618.html

SOURCE Saab

FAQ

What contract did Saab (SAABY) sign with Finland on August 28, 2026?

Saab signed a contract with the Finnish Defence Forces Logistics Command for deliveries of the RBS 70 NG air defence solution. According to Saab, this includes an initial order valued at SEK 1.2 billion and provides a framework for potential additional future orders and related support.

What is the value of Saab’s RBS 70 NG order from Finland for SAABY shareholders?

The initial order for Saab’s RBS 70 NG from Finland is valued at SEK 1.2 billion. According to Saab, this forms part of a broader contract that also allows Finland to order further systems, training, spare parts and maintenance equipment in the future.

How does the RBS 70 NG order impact Saab’s relationship with the Finnish Defence Forces (SAABY)?

The order deepens Saab’s existing relationship with the Finnish Defence Forces, which have used RBS 70 since 2008. According to Saab, the new RBS 70 NG deliveries provide Finland with a modern short-range air defence capability and open a path for additional follow-on orders.

What capabilities does Saab’s RBS 70 NG system offer to Finland under the new SAABY contract?

RBS 70 NG offers an unjammable laser-guided missile, automatic target tracker and built-in night capability. According to Saab, these features increase hit probability and enhance operational use, giving Finland an upgraded short-range air defence solution to meet evolving aerial threats.

Does the Finland RBS 70 NG agreement allow future purchases from Saab (SAABY)?

Yes, the new contract enables Finland to place additional future orders for the RBS 70 NG system. According to Saab, the agreement also covers potential purchases of training, spare parts and maintenance equipment to support long-term system operation.

Why is the RBS 70 NG contract with Finland important for Saab’s defence business (SAABY)?

The contract secures a SEK 1.2 billion initial order and positions Saab for follow-on sales. According to Saab, it also showcases its advanced air defence technology and reinforces its role in Finland’s domestic defence capability and broader Nordic security environment.