Swedish defense company Saab has reported a substantial increase in quarterly earnings and record-breaking sales, driven by the rise in European defense expenditure due to global geopolitical tensions. The company’s net profit soared by 53% to 1.2 billion kronor, while its operating profit reached an all-time high of 1.5 billion kronor. However, uncertainties stemming from US President Trump’s tariff strategies are presenting challenges for the firm. Saab’s strong performance reflects the growing demand for defense equipment in the current volatile international landscape.