Swedish defence giant Saab has reported a remarkable increase in quarterly earnings and record-breaking sales, driven by the rising defence expenditures in Europe due to geopolitical tensions. The company witnessed a 53% surge in net profit, amounting to 1.2 billion kronor, while its operating profit reached an all-time high of 1.5 billion kronor. However, Saab is facing uncertainties due to the unpredictable tariff policies of US President Trump. The company’s strong performance underscores its position as a key player in the global defence industry.