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International Business Times

Business

Arms Maker Saab Posts Record Sales As Europe Rearms

Saab Donald Trump United States

Saab makes the Gripen jet fighter (Credit: AFP)

Swedish defence group Saab on Friday reported soaring quarterly earnings and record sales as European countries beef up their defence capacities amid geopolitical tensions and uncertainties.

The company noted however that the uncertainties, including those over US President Donald Trump's tariffs scheme, also "present challenges and make it difficult to predict the future".

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