Saab promotes GlobalEye surveillance aircraft to Nordic countries

Swedish defense company Saab is encouraging Nordic countries to use its surveillance aircraft for joint patrols. This move comes as Europe seeks to reduce dependence on the US for security and military equipment. Saab is promoting its GlobalEye aircraft as essential for cooperation among Denmark, Finland, Norway, and Sweden. All four countries became NATO members between 2023 and 2024. Saab’s CEO, Micael Johansson, emphasized the importance of protecting the Baltic Sea and maintaining 24/7 surveillance in the region. Saab is one of many European defense firms trying to capitalize on increased military spending after Russia's invasion of Ukraine. As concerns about reliance on US military products grow, Saab sees this as an opportunity. Johansson noted strong interest in the GlobalEye from the four Nordic nations. The GlobalEye can track aircraft up to 650 kilometers away and ground targets up to 425 kilometers. Saab has sold several units to the United Arab Emirates and recently purchased three for Sweden, with plans for a fourth. This would enhance coverage over much of the Nordic region. Cooperation on military aircraft among the Nordic countries includes contributions from Sweden's Saab Gripen and Denmark, Finland, and Norway's F-35s. Sweden's defense minister encouraged collaboration on GlobalEye to strengthen regional defense. Though NATO has chosen Boeing's E-7 Wedgetail as its standard surveillance aircraft, Saab believes both it and Boeing's product could coexist. Nordic countries are currently discussing strategies for better surveillance capabilities. Saab's surveillance segment is crucial, making up over a third of its sales, which rose significantly last year. The company is also exploring new contracts with countries like France, South Korea, and Canada. While Finnish and Danish officials support closer cooperation, Norway is satisfied with its existing NATO partnerships. Saab’s stock has surged as investors anticipate increased defense spending will boost the company financially. Johansson mentioned the need to develop a next-generation fighter jet to succeed the Gripen. He expressed a strong commitment to maintaining Sweden's independence in fighter aircraft manufacturing within the EU.