All NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Saab secures $1.04 billion Middle East order for GlobalEye surveillance aircraft

Created at 27 Jul · 12:01 PM1 source↑ Market-relevant
IN SHORT

Saab has received an order for two GlobalEye aircraft from a Middle Eastern country, valued at 10.1 billion Swedish crowns ($1.04 billion). Deliveries are scheduled for 2030.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

10.1 billion SEKSaab Middle East order value
$1.04 billionSaab Middle East order value in USD
2GlobalEye aircraft ordered by Middle East country
2030Delivery year for Middle East order
up to 10GlobalEyes to be acquired by NATO
2027GlobalEyes operating from Swedish bases for NATO
2031NATO operational target for E-3 successor
2GlobalEye aircraft ordered by France
12.3 billion SEKFrance GlobalEye deal value
$1.3 billionFrance GlobalEye deal value in USD

Who's Involved

Saab
Swedish company that received a $1.04 billion order for GlobalEye aircraft
Mark Rutte
NATO Secretary General announcing joint procurement of GlobalEyes
Ulf Kristersson
Swedish Prime Minister commenting on pride for Sweden and NATO
Micael Johansson
Saab CEO discussing GlobalEye's capabilities and delivery timelines
Saab secures $1.04 billion Middle East order for GlobalEye surveillance aircraft

↳ Why This Matters

The substantial order from the Middle East, coupled with NATO's significant fleet acquisition and France's purchase, highlights the growing demand for advanced surveillance capabilities and reinforces Saab's position in the global defense market.

Key facts

  • Saab secured a $1.04 billion order for two GlobalEye surveillance aircraft from a Middle Eastern country.
  • Deliveries of the aircraft are scheduled for 2030.
  • NATO is jointly acquiring up to 10 Saab GlobalEyes to replace its E-3 Sentry fleet.
  • France has also finalized a deal for two GlobalEye aircraft.
  • The GlobalEye is designed for airborne, maritime, and ground surveillance.

Saab has secured a significant order for two of its GlobalEye surveillance aircraft from an unnamed country in the Middle East, valued at 10.1 billion Swedish crowns (approximately $1.04 billion). Deliveries for this order are slated for 2030.

In parallel, NATO announced a joint procurement of up to 10 Saab GlobalEyes to replace its aging E-3 Sentry surveillance planes as part of the Allied Future Surveillance and Control (iAFSC) project. NATO Secretary General Mark Rutte stated that the first units could be supplied to the alliance by 2030, with operations from Swedish bases expected by 2027. Swedish Prime Minister Ulf Kristersson expressed pride in Sweden's role in this procurement.

Saab CEO Micael Johansson indicated that the GlobalEye's affordability, capabilities, and rapid delivery timeline were key factors in NATO's selection. He also noted that Saab is increasing production capacity at its Gothenburg facility to meet demand. The GlobalEye is designed to provide airborne, maritime, and ground surveillance through its integrated Erieye ER radar system.

This follows France's finalized deal for two GlobalEye aircraft, valued at 12.3 billion Swedish Kroner ($1.3 billion), with an option for two more. Germany and Poland have also expressed interest in acquiring the surveillance aircraft.

Frequently asked questions

The order is valued at 10.1 billion Swedish crowns, equivalent to approximately $1.04 billion.

Deliveries are scheduled to commence in 2030.

NATO is jointly procuring up to 10 Saab GlobalEye Airborne Early Warning and Control (AWACS) aircraft to replace its E-3 Sentry fleet.

The aircraft is designed for airborne, maritime, and ground surveillance, integrating an Erieye ER radar capable of operating in challenging environments.

What Happens Next

01Deliveries of the two GlobalEye aircraft to the Middle Eastern customer are scheduled for 2030.
02NATO aims to have GlobalEyes operating from Swedish bases by 2027.
03Saab is investing to increase its annual production of GlobalEye aircraft.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

Saab received an order for two GlobalEye aircraft from a Middle Eastern country.
The order is valued at 10.1 billion Swedish crowns ($1.04 billion).
Deliveries of the aircraft are expected in 2030.
NATO announced a joint procurement of up to 10 Saab GlobalEyes to replace aging E-3 Sentry surveillance planes.
The NATO procurement is part of the Allied Future Surveillance and Control (iAFSC) project.
Saab CEO Micael Johansson stated that the aircraft fills a capability gap for NATO.
The first GlobalEye units could be supplied to NATO by 2030.
France finalized a deal to buy two GlobalEye aircraft, with an option for two more.

Sources

T1
Saab wins $1 billion order for surveillance aircraft in Middle EastReuters
T2
NATO to acquire 'up to' 10 Saab GlobalEyes for E-3 replacement, says ...breakingdefense.com

Related Stories

Goldman Sachs Alternatives buys control of Italian medtech firm Numantec
27 Jul · 11:49 AM
Fairlife resumes production at 4 US plants after cyberattack
27 Jul · 11:09 AM
South Korea to Launch Global Music Festival in Los Angeles
27 Jul · 10:16 AM
Brown-Forman board rejects Sazerac takeover proposal
26 Jul · 11:01 PM
easyJet offers free 'teddy trackers' for families this summer
27 Jul · 11:56 AM