|Bid||385.50 x 0|
|Ask||385.60 x 0|
|Day's Range||381.00 - 387.20|
|52 Week Range||348.00 - 419.90|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||7.05|
|Forward Dividend & Yield||4.00 (1.03%)|
|1y Target Est||N/A|
announced plans on Tuesday to launch a 6 billion Swedish kronor ($665 million) rights issue to bolster its ability to compete for large orders, as it swung to a third quarter net loss. “Large orders...imply initially increased investments in production and working capital, and at the same time the rapid technology development entails continued investments in research and development,” the company said. To support its continued growth and to allow it to successfully compete for large orders, Saab said it plans to launch the rights issue during the fourth quarter.
Defence firm Saab on Tuesday unveiled plans to raise 6 billion Swedish crowns ($665 million) to bolster its financial muscles in the wake of big contract wins that have swelled its order backlog in recent quarters. The Swedish company said it needed a stronger balance sheet to develop the large projects in its order book, invest in research and development, and to compete for new extensive contracts. "Large orders also imply initially increased investments in production and working capital, and at the same time the rapid technology development entails continued investments in research and development," Saab said in a statement.